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The latest Cointelegraph Report explains how to prepare for the next crypto bull run in five simple steps.
In our latest Cointelegraph Report, we explain how to prepare for Bitcoin’s next parabolic move in five simple steps with the assistance of professional trader Eric Crown.
Understand the cycle
It is important to grasp the four-year cycle theory, suggesting that crypto bull markets occur approximately every four years following Bitcoin halving events.
According to Crown, we are still in a pre-halving rally, which will probably exhaust itself in the low $40,000 for Bitcoin.
“Then we spend the rest of the next, I’d say, three to six months playing out sideways and downside move,” he predicts.
Pick your crypto portfolio
Bitcoin and Ether (ETH) should be the backbone of a balanced crypto portfolio since they are the safest and most battle-tested cryptocurrencies.
“I would do probably 70%–80% Bitcoin, 10%–15% Ethereum and then the rest could kind of gamble on altcoins,” Crown states.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.