Is It Too Late to Ride the Bull Market Wave, or Is It Just a Bull Trap

The entire crypto market cap has exceeded $2.5 trillion, with Bitcoin leading the change smashed its own record by surging past a new height of $69,000! 

Currently, the buzz word around folks is all about Bitcoin halving and the bull market. Coming April 2024, the Bitcoin halving will cut the reward for mining new blocks in half, from 6.25 to just 3.125 Bitcoins. This decrease in new Bitcoin could send prices soaring, and that's got the whole market buzzing with much anticipation.

With the recent bull leading by new innovations such as Ordinals and Memecoins  season comes into the play. For instant, Solana’s Memecoins, dogwifhat ($WIF) since it hits BiB Exchange on  January 26, 2024, its price has skyrocketed more than quadruple in just a short period of time. 

Is It Too Late to Ride the Bull Market Wave, or Is It Just a Bull Trap? 

According to a recent report published by QCP Capital, the last market move was mainly driven by individual speculative investors, while the big institutional players are yet to make major moves, and some are even cashing in on the recent price rise. Even JPMorgan called this a rally driven by ‘retail impulse’. 

Taking a step back for a broader perspective, let's consider the 'Wall Street cheat sheet', which outlines the stages of market cycles. It appears in the view of the writer, that we've moved past the 'disbelief' stage, often marked by pessimism during the bear market; at the same time, we're also not quite at the 'euphoria' stage of peak bull market yet.

Currently we find ourselves somewhere in the optimistic lead-up to the Bitcoin halving, which positioned somewhere between 'hope' and 'optimism' phase. Typically, the bull run peak happens post-halving, as history shows us. So, we can expect some corrections along the way and there’s still opportunities to come after the halving event takes place. 

Jerrg

@babyape113