Mags, a technical analyst with a decade of experience in Bitcoin, recently shared what he describes as a simple strategy for consistent success in the Bitcoin market.
According to the seasoned analyst, the key action is to enter the Bitcoin market 500 days before a halving cycle. This timeline provides investors with a suitable window to purchase Bitcoin at lower prices, as the market is expected to be at a bottom by then.
Holding Through the Storms and When to Sell
Mags’s second strategy recommends holding onto the investment during the periods that follow, without getting shaken out. This is important because Bitcoin’s trajectory often experiences volatility in the lead-up to a halving event. Essentially, a shakeout would undermine the benefits of the earlier entry.
Thirdly, the analyst suggests selling the Bitcoin acquired 500 days after the halving event has occurred. This indicates that the market will likely be overheated during this nearly two-year window post-halving. Hence, capitalizing on accrued gains at this stage may be the savvy move, preparing investors for the next pre-halving buying strategy.
Mags based his thesis on Bitcoin’s historical trends, and he emphasizes that this pattern is repeatable. He posted a chart illustrating how 500 days before and after each halving cycle has proven to be an opportune window for entering and exiting the market since 2015.
Bitcoin historical halving patterns
Applying the Strategy for this Present Cycle
In the current cycle, the window to buy Bitcoin 500 days before the halving has elapsed. The focus now shifts to the days counting down for the Bitcoin post-halving sale. Specifically, 500 days from the fourth Bitcoin halving, which occurred on April 19, 2024, will land on September 1, 2025.
Mags projects that Bitcoin could reach a price of at least $220,000 by this time. Notably, according to the chart, while Bitcoin’s market price 500 days after a halving may not be its highest value for that cycle, it is likely to be high enough to exit before the onset of a bear market.
