With the fourth Bitcoin halving just around the corner, Lady of Crypto, a market analyst and trader, has done just that weighed about claims related to this bull cycle.
The crypto analyst shared her insights after analyzing the recent market decline and Bitcoin’s upcoming halving this month. According to the expert, there are speculations that since BTC broke its all-time high early, the cryptocurrency could continue to post new gains.
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Lady of Crypto has dismissed claims that this bull cycle will start early, saying she believed the community had been “lied to and suggested widespread misinformation” and dismissed the current gains as signs of a widespread bull run.
As the Halving approaches, the analyst noted that Bitcoin and Altcoins have fallen severely, but now is not the time to panic. She draws attention to the pre-halving dips in 2016 and 2020, highlighting that BTC plummeted 30% and 20% shortly before the event.
Meanwhile, BTC is down over 17% during this pre-halving period, while altcoins are down 29%. While the current drop has been severe, Lady of Crypto notes that it is within the range of a typical pre-halving dip and a black swan.
She compares the COVID meltdown, which saw BTC fall 58% and altcoins fall 68%, suggesting the current decline pales in significance.
Lady of Crypto clarified that Bitcoin Spot Exchange-Traded Funds (ETFs) have been a major factor in BTC breaking through the peak early, highlighting that the masses have not yet arrived.
The expert then points to the presence on social media, which shows that the masses are returning to the crypto market. “YouTube views and subscribers are showing interest in gradually returning, in line with the previous cycle, as are new Twitter followers,” she added.
This bull cycle mirrors the halving
Aside from BTC’s early all-time high, Lady of Crypto believes this bull run is developing similarly to the last two, albeit with more volatility. However, the volatility suggests this will be the biggest bull market ever.
She advises underexposed investors that the dips are the best buying opportunity BTC during a bull run. Meanwhile, if an investor is overexposed, holding crypto assets has historically been the best course of action, highlighting the dips in 2020 and 2021.
To address fear and panic among investors, Lady of Crypto warned that multiple situations could lead to panic selling during any bull run. Even though these events seem terrible, like the end of the bull run, they are only side issues.
Featured image of Istock, chart from Tradingview.com
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