There are a few things you should do if you want to succeed in crypto during a bull market. But above all, remember to take profit.
Strategically navigating the cryptocurrency market when it surges isn’t just a skil. It’s an art. Volatility is constant. Volatility measures the price movements of assets and demands a sophisticated approach from players in the market. Similar to the ebb and flow of tides, it can be navigated strategically.
Bitcoin (BTC) peaked at $69,000 during the 2021 bull run, while Ether (ETH) did the same at $4,800. Despite the market hitting an all-time high of $3 trillion in market capitalization, that figure sits a little below $1.7 trillion as of Dec. 15 — a difference of just more than 30 percent. While significant, the comparison obviously doesn’t do justice to what a rollercoaster the market has been.
Understanding the driving forces behind that volatility is key to navigate it. Market sentiment, technological breakthroughs, and regulatory developments play crucial roles. It is crucial to comprehend the prevailing mood and adapt to market dynamics, leveraging insights analyzing social sentiment, news sentiment, and technical analysis indicators.