Bitcoin and Crypto Ready to Rip

1 Bull Market, 1 Bear Market Down, Lessons Learned

David Anderson
Coinmonks
Published in
13 min readMar 8, 2024

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Photo by Christian Wiediger on Unsplash
  • **DISCLAIMER: I AM NOT A FINANCIAL ADVISOR. EVERYTHING IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES.**

I woke up Monday, and the price of Bitcoin (BTC) was around $50–51K, where it had been hovering for several days. By the end of the day, it had topped $56K. I went to bed Tuesday night with the price hovering around $57K. By Wednesday afternoon, it had shot up to $65K before dipping back to $61K. This is what a bull market looks like.

That was last week. On March 5, BTC briefly hit a new all-time high at $69,202. It is going through a correction now, but I’d say we are looking easily at $100K by the end of the year.

I bought my first Bitcoin in June 2020, just a few weeks after the halving. We’ve officially been in a bear market since November 10, 2021. In 2022, I held on through the collapse of Terra Luna, FTX, Gemini, Blockfi, etc. The only one that affected me personally was Celsius. That one hit hard, though.

There is time to buy in before the markets really take off. But you need to educate yourself. If you don’t understand any of the terms I use in this article, look up what they mean. You need to understand how and why the crypto markets move, starting with Bitcoin. The bull market is here, and…

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David Anderson
Coinmonks

David Anderson is a blogger, award-winning author, bible geek, and novice crypto investor. Doubting Thomas is my patron saint.