Bitcoin Enters Massive Pre-Halving Rally, Soaring 15%
As many of us expected, Bitcoin has officially entered a massive pre-halving rally, soaring 15%. It’s up 27% since the start of 2020 and is now far ahead of any other major asset classes according to its year-to-date performance.
It’s price soared up to $9,300, the highest it’s been since late February. As Bitcoin enters a massive pre-halving rally, soaring 15%, let’s look at what you can do to accumulate the coin.
Year-to-date performance (USD):#Bitcoin: +27.4%
S&P 500: -8.3%
— Alistair Milne (@alistairmilne) April 30, 2020
Bitcoin rallies ahead of halving, outperforming other assets
Bitcoin skyrocketed by 27%, seeing two green candles back-to-back according to the daily chart. Bitcoin has now seen it’s seventh consecutive week of gains unless the price dips below $7,707. Last time this happened, the coin saw a major rally – back in Q2 last year.
Unusually, the rally was largely dominated by spot exchanges. Binance saw it’s all-time highest daily trading volume of 12 April, above $11 billion in just 24 hours.
How you can accumulate Bitcoin before the halving
If you’re looking to accumulate Bitcoin, or want to learn trading before the halving, Many exchanges including eToro, Coinbase and others have the tools to get you started. As the world’s leading social trading platform, there are more than 10 million users already investing.
The copy trading feature, where you essentially copy the positions of other traders, is a fantastic way for new traders to learn the ropes while still making a profit. The reality is that 96% of new traders lose money and quit trading – don’t be part of a statistic, start copy trading, and make a buck right from the start.
If you’re looking to genuinely profit from the Bitcoin halving, you’ll want to get in before any major rally. Buying low is the idea here, and copying the crypto positions of other more experienced traders is an ideal way to buy-in.
The reality is that we’ve historically seen major rallies following halvings. While we may only see a bull run down the line, the time to start accumulating is now. Investing small amounts of money, from the start, is the ideal way to get in – particularly because the economy is in such a state right now.
If you want to get your hands on the OG cryptocurrency before its price blows up, consider trading on eToro. As Bitcoin enters a massive pre-halving rally, soaring 15%, traders need to consider where the future of the coin is going.
As Bitcoin rallies, traders need to find a way to accumulate
As Bitcoin enters a massive pre halving rally, soaring 15%, it’s vital that traders find ways to accumulate the coin. Copy-trading on different platforms is ideal for new, or busy traders, as it allows you to make a profit while essentially kicking back and relaxing.
With the Bitcoin halving right around the corner, now is the time to get in. Buying at the top will not be an option here, so get in now and make a profit when the bull run hits.
Disclaimer: 75% of retail investor accounts lose money when trading CFDs with this provider. Virtual currencies are highly volatile. Your capital is at risk.