๐Ÿ“‰ Pre-halving dump?

We have seen Bitcoin on a constant move upwards this year and as we edge closer to the halving, are we set to see a correction beforehand?


5 min read โ€ข Apr 2, 2024

๐Ÿ“‰ Pre-halving dump?

Todayโ€™s agenda points โคต๏ธ

  1. ๐Ÿ“Š Today in markets

  2. ๐Ÿ“‰ Pre-halving dump?

  3. ๐Ÿ‘€ย Whatโ€™s next in Crypto?

  4. ๐Ÿ”ฎ Flooz Top Picks

โ“Profit preparation

Even though we are only just starting this bull run, there is an important aspects that has to be taken into account.

The profit taking part...

And although it may seem so long away, and a thought for the future, without a plan on areas you might want to take profits on, you risk missing opportunities to do so. Let's not forget that there are still a majority of investors who are holding tokens from the last bull run as they held for too long or had no plan.

And you don't want to be in that situation.

We know we mention about taking profits often and there is a good reason... You can't win without taking profits and we want you to succeed. So if you currently have no plans or ideas of when or where to take profits, we highly suggest you start making them.

Even if it is a rough idea. Because without nay idea at all, you could find yourself not taking profits at all, while waiting for the markets to keep pushing up.

And we don't know what prices could be like this time around as there is more money available to invest than ever before with ETFs and institutions getting involved.

So... figure out a plan and let's watch the markets do their thing!

๐Ÿ“Š Today in markets

The ride in 2024 has been great so far, with the markets and especially Bitcoin moving up constantly.

But it seems the tide has turned this week... We are seeing some corrections occur and Bitcoin seems to be struggling just before the halving.

Let's have a look at the chart for visual confirmation.

BTC chart

As you can see, we have a BIG red candle on the most recent timeframe, which shows bitcoin falling back below the $65k area.

So what does this mean?

Unfortunately, this drop falls below the retest area, which could have seen Bitcoin move back above the $70k mark and potentially push for a new high. With the halving approaching, this would have made sense too, but instead it seems that the markets have other ideas. Currently, it doesn't look like we'll drop below the $60k mark, which is a positive and instead, we are likely to consolidate around this area leading into the halving.

Historically, we have seen a dump after the halving occurs, but to have one before could actually be bullish for the markets.

Overall, Bitcoin is still in an uptrend, and if we can get a reversal soon, we could see a new high in the near future.

As always, be cautious and make sure you have a plan!

๐Ÿ“‰ Pre-halving dump?

The bull run is typically an enjoyable cycle within crypto, with constant gains in sight.

However, there are always two sides to the movements and we could be seeing that occurring right now. Firstly, corrections within a bull run are healthy and needed.

This is an area that many do not realise. We cannot constantly keep moving up without falling back down first. And we have already seen that multiple times since hitting a new all-time high this year.

So the question is... are we having a deeper dump before the halving occurs? And currently, it is looking likely... But that isn't neccesarily a bad thing. In fact, this could be the best case scenario in which buying opportunities are presented before we push for $80k and more.

Now, while nothing is guaranteed, with the ETFs and more interest than ever before, the crypto markets are not likely to see a massive fall from here. Which is why a pre-halving dump might be the perfect moment to choose your investments wisely, as a few months from now, we could be flying.

Historically, a correction usually occurs after the Bitcoin halving has occurred, but as mentioned above, if it is occurring now, before the halving, it could be a sign that we are looking to move upwards soon after the halving.

And remember, the last Bitcoin halving saw its price double within 18 days after the halving.

Either way, things are still looking super bullish for Bitcoin and the markets, and we still have much more to come, including the Ethereum ETFs too.

Now is not the time to panic, but rather look for opportunities, and we are here to help guide you through this bull run cycle the best we can.

So buckle up frens, and let's ride this out together!

๐Ÿ‘€ Whatโ€™s next in Crypto?

The Bitcoin halving is fast approaching, with it estimated to happen within the next 20 days, it doesn't leave much time to start preparing.

But why would you need to prepare?

Aren't we just starting the bull run? These are valid questions... but the real opportunities to enter the market are right now. Historically, a dump occurs after the Bitcoin halving before an explosive move following shortly after to where new all-time highs are expected.

If we are to follow that plan this time, then that does not leave you long to figure out where you want to put your investments.

So what's next?

Being ready for this bull run to take off. And we want to help you to prepare the best you can, so we can all see those beautiful green candles together.

If you are not too sure on what to invest in, we cover multiple projects that could be ones to watch this bull run and we have listed three more below in our Flooz Top Picks.

Remember, this bull run is just starting, so making sure you are ready is vital as the FOMO will kick in at some point, so make sure you're happy with your holdings and let's ride this out!

๐Ÿ”ฎ Flooz Top Picks

Here are our three crypto picks of the week ๐Ÿ‘‡

๐Ÿ“ˆ The first on our list is

Qredo's distributed multi-party computation (MPC) technology creates a new standard in securing digital assets โ€“ unlocking the power of the blockchain for all.

This makes their platform very attractive for investors and institutions entering the blockchain space as they offer more than one solution that is packaged into one entity and they are also on the Ethereum chain.

With a current market cap of just $57M and a price rise of 60% in the last 7D, this could be one to watch out for in the future.

๐Ÿ“ˆ For our next pick, we have

Carbon Debits are introduced as a secure alternative to carbon credits, marking the worldโ€™s first fully transparent and dependable option in this domain.

Using the polygon network, this project is targeting a green future using the blockchain and they are picking up some big interest as a result. Currently $CBY has a market cap of $34M and has shot up by 130% in the last 30D.

๐Ÿ“ˆ The last pick of the week is

SuperRare is an NFT marketplace for curated cryptoart in which you can explore exhibitions and they're building a new art market for artists, collectors, and curators.

So far, over $180M has been earned by artists with over 38k artworks collected, meaning the ecosystem is in full force and rewarding generously.

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