Missed Out on Crypto Bull Run? Here’s When to Buy The Dip

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As a seasoned crypto investor with over a decade of experience in this dynamic market, I must say that predicting the exact timing of market shifts can be likened to attempting to catch a greased pig during a county fair. However, the insights shared by Coiner-Yadox about the upcoming bull run and dip present an intriguing perspective worth considering.

2024 witnessed a remarkable surge during its final four months, propelling Bitcoin up to $108,000. Yet, this bullish trend has persisted, leaving some investors doubting whether it’s too late to join the crypto market. Despite missing the initial run, there is still potential for growth, so let’s examine when it would be wise to seize a price drop now.

Donald Trump’s Inauguration To Shift The Crypto Bull Run

As a crypto enthusiast, I’ve noticed that Donald Trump’s sudden interest and acceptance of cryptocurrencies significantly impacted the US elections. It’s fascinating how this shift paved the way for a bull market in the crypto world, effectively turning his victory into a triumph for digital currencies. However, the inauguration has brought about an unexpected change in Bitcoin’s price trajectory, deviating sharply from what most investors had anticipated.

A crypto investor, Coiner-Yadox, predicted a massive Bitcoin price correction around Trump’s inauguration. The investor considered three main factors, claiming that people who opened long before the election will close their trades before Trump’s inauguration on January 20. More importantly, Microstrategy will have a blackout from January 1 and 27, putting a hold on Saylor’s BTC buying during this period.

I like this theory for several reasons :

By early January, Bitcoin appeared poised to reach its peak for the month within the initial few days.

Then you have confluence of 3 important things for a btc correction imo:

-mstr has a blackout probably around January…

— Coiner-Yadox (@Yodaskk) December 18, 2024

To conclude, according to the January 2021 and 2024 graphs, there seems to be a trend of poor performance for Bitcoin between the 9th and 27th, as these periods typically yield lower average returns. Notably, this trend could significantly affect both Bitcoin and the broader crypto market, potentially creating more opportunities to buy at a discount during downturns, a strategy often referred to as ‘buying the dip’. This was the investor’s conclusion.

Altcoins To Take Over Crypto Bull Run Next

Despite anticipating a significant change in the crypto market trend, one that could benefit altcoins over bitcoin, as they are expected to increase, thereby marking the return of the altcoin season. As per Coiner-Yadox, Bitcoin is experiencing an unprecedented period, which should see it end the year with substantial profits. Notably, this positive trend is set to continue into January 2025, where Bitcoin will reach its highest point for the month before entering a 20-25% consolidation phase between January 9 and 27. During this same period, altcoins are expected to go through a consolidation phase but will then be bought back, enabling a quick recovery.

As a researcher delving into the crypto market, my findings hint towards Ethereum potentially reaching an all-time high (ATH) of around $4.8k in the foreseeable future. This prediction is based on investor beliefs that the initial rejection of Ethereum’s ATH will trigger corrections in Bitcoin, creating a favorable environment for altcoins like Ethereum to surge significantly.

When To Buy The Dip?

As an analyst, I find it plausible that the Federal Open Market Committee’s (FOMC) meeting outcome could potentially stir a minor turbulence in Bitcoin (BTC) and the broader cryptocurrency market rally. However, this brief volatility might precede a substantial surge towards the end of this year and the beginning of January 2023.

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2024-12-18 17:20