Hope you had a good weekend and are fresh and ready for the week ahead. I’m writing this from beautiful Belo Horizonte, Brazil as I travel my way through South America on a trip made possible in part due to my successes in cryptocurrency.

Brazil is the second major destination, after spending January skiing Colorado, all on the way to the wedding of a good friend and avid Bitcoiner in Colombia. This trip has got me in a retrospective mood thinking about all that this market has given to me and all of the great and intelligent people I’ve met along the way.

This will now be my third crypto bull market and my seventh year in the crypto market/industry, and after the bear market of 2022, I can’t wait for what’s to come. I’ve literally been waiting years for the opportunities that are in store for us now and in the months to come. I’m looking forward to bringing you all along with me.

Now, after a very rough year in 2022 and a good but drawn-out 2023, the crypto market has been on an absolute heater to start 2024. In fact, Bitcoin (BTC) just recently hit its highest price point since late 2021.

Developments have been going very well for many of our favorite cryptocurrencies.

Blue chips have been crushing it and gradually building up to higher levels in a consistent manner. The strength of those large-cap coins has opened up the door for altcoins and smaller-cap projects to make their moves. In turn, we’ve seen some seriously impressive moves in the altcoin market with coins doubling or tripling in price in the last few months.

One major sector that has been hotter than the rest over the past few weeks has been artificial intelligence (AI)-adjacent projects. Cryptocurrencies such as Render (RNDR) have been scorching hot, with RNDR gaining about 80% since the start of the year and over 500% since September. Those are truly amazing gains (see chart).

Indeed, Render is one of the hottest projects in all of crypto right now and is a leader of the crypto AI segment.

AI has shown considerable momentum over the last year or so, ever since the original release of ChatGPT. It has gotten drastically better in the last year and is creeping into our everyday lives. Investors see this and are looking to get in on the action and buy up any AI project that seems interesting. Those investors have made their way into crypto recently and in the past few months crypto AI projects have been on fire.

I’m currently conducting in-depth research into this hot sector of the crypto market and will have plenty more on this subject for those who subscribe to my work. I believe that this single sector of the crypto market will offer a multitude of life-changing investment opportunities for those who are willing to take the risk.

However, many investors have been waiting on the sidelines for a good moment to jump into the market. The whole crypto market has been gaining without any hesitation for the last few months.

We’re also heading ever closer to the next Bitcoin (BTC) halving event which should take place in early April. If past patterns hold up, we should expect a retracement in Bitcoin and the rest of the market to take place sometime around the halving event. That could be the opportunity people have been waiting for to buy into the market before the bull market craziness really kicks into gear.

That’s right, you might get another great entry opportunity into the crypto market soon. Past price history shows that Bitcoin tends to retrace slightly right before the halving events, and then tends to skyrocket not long after.

If Bitcoin experiences a downturn, it could retrace by approximately 15% to 25%, potentially returning to the $40,000 mark. This level presents an excellent opportunity for investors looking to enter the market.

Moreover, historical data indicates that Bitcoin bull markets typically feature multiple 20% to 30% corrections en route to new all-time highs. For instance, during the 2020-2021 bull run, BTC corrected by over 20% on seven occasions before reaching its peak in November 2021. These corrections are natural and should be viewed as opportunities to strengthen your investment position.

So to recap, Bitcoin and the crypto market leaders have been steadily ticking upwards for months, but may be heading for a price correction in the weeks to come. Market downturns may seem daunting, but they are integral parts of Bitcoin’s upward trajectory. By remaining vigilant and seizing opportunities during retracements, investors can position themselves for long-term success in the crypto market. Additionally, the altcoin sector is primed up and ready for some massive uncorrelated breakouts, and the storm of trading opportunities is brewing.

As I wrote last time, if you aren’t yet invested in the crypto market, I suggest that the first thing you do is formulate a plan and lay out the groundwork for your investments. Think about how much you want to invest, and remember to only invest what you’re willing to lose. Fortunately for you, I’ll be here to provide you with expert research and analysis to help you pick the right investments for your portfolio. Sign up for our FREE e-letter, Crypto Investing Daily. Click here.

This article previously appeared on Investing Daily.