Is It True That the Bull Market is Not Over Yet?

Bittime - Founder of Zen Academy, Zeneca, revealed that he believes that the bull market is not over yet, but stressed to always be prepared for the worst case scenario.  

Crypto Market Worst Scenario

One scenario he predicts is that Bitcoin experiences a drastic decline until it reaches a price of $18,000. In this situation, Ethereum could also potentially fall to the $900 level, while Solana could fall to $28. 

This prediction is of course very worrying. The question is are investors ready for a drastic downturn like this? If not, he suggests starting to develop plans and strategies to prevent risks.

Read Also: Bitcoin Price Predicted to Drop Below $50,000 This Weekend 

Tips for Dealing with Crypto Market Fluctuations

Apart from reminding you to prepare for the worst case scenario, Zeneca also provides several tips for dealing with market fluctuations.  

1. Portfolio Diversification: Do not place all funds in one type of asset. Diversification can help reduce the risk of large losses when the crypto market experiences a downturn.
2. Maintain an Emergency Fund: Having an emergency fund is very important, especially when asset prices suddenly fall. This will help investors stay calm and not have to sell assets at a large loss.
3. Don't Panic Sell: When the market goes down, many investors panic and sell their assets at low prices. Zeneca advises staying calm and focusing on long-term strategies.
4. Resetting Strategy: As market conditions change, investment strategies also need to be readjusted. Always evaluate your portfolio regularly and ensure your investment strategy remains relevant to market conditions.

When Will the Bull Market End?

No one knows for sure when the bull market will end. However, signs of a slowdown in the crypto market may appear before the bull market is completely over. 

For example, a decrease in trading volume or prices starting to stagnate could be early indicators. In this situation, investors must be more careful and prepared to face the possibility of a bear market.

However, the crypto market has unique characteristics. Asset prices can drop significantly in a short period of time, but can also recover quickly. Therefore, being flexible and always ready for various possibilities is the best step.

Read Also: The downward trend in Bitcoin prices is similar to the trend before the 2016 bull market

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.