NEXT BITCOIN HALVING IS QUICKLY APPROACHING

The cryptocurrency market has had an incredible start to the year, up over 35% and we are only 6 weeks into the new year. Bitcoin itself is up 36% year to date, Ethereum trailing slightly up 25% and Solana has come soaring back Solana has come roaring back from the dead up a remarkable 134%. Whether this latest surge is starting up another bull market or it is just simply a bull trap remains to be seen. You should know that a bull market doesn't commence from a halving event but instead always start much earlier at the bottom of the bear market, which is about 400 to 500 days away from the halving event.

---

Historically with every other circle, this is the best time to be accumulating crypto. If you are a believer in the Bitcoin 4-year circle, this indicates that if the bull market has not commenced already it could happen at any moment. The next few months will be critical in determining if the recent jump is the start of the new bull market or if it is just another bull market trap. Regardless, historically this is the time to be prepared. The next Bitcoin halving is in one year and seventy days away which is quickly approaching and it will be wise to get your investment in place now.

---

The first signal is the halving because it's coming whether you like it or not. Based on every other circle we have seen, how days left to the halving event has turned extremely bullish. The second most compelling indicator is the Bitcoin RSI or relative strength index. RSI is a commonly used technical indicator that measures the strength of the asset price and ranges from 0 to 100. On the chart, the date is displayed on the X-axis, and the RSI value is on the Y-axis. With RSI, typically a value about 50 signals an uptrend a value below 50 signals a downtrend.

---

The tradition asset such as stocks, the RSI range is usually between 30 and 70. Although for Bitcoin, it usually sits between 40 and 55, a value of 30 is often considered as being oversold indicating a bear market while 70 is considered overbought indicating a bull market. The RSI has accurately reflected the up and down of Bitcoin bull and bear markets in the past cycles. Currently, we are sitting in the mid-'40s which then combined with the next halving has historically been a great time to accumulate.