When Will There Be Another Crypto Bull Run?

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No bio yet...cryptoloverBitcoin interesed blogger

1 month ago

In light of previous market cycles for Bitcoin, we may anticipate that the next wave of cryptocurrency bull markets will begin following the halving of Bitcoin in 2024 and peak in late 2025. Nevertheless, it is exceedingly challenging to make any predictions about future price movements due to the extreme unpredictability of the cryptocurrency industry.

In the realm of cryptocurrency, there are bull and bear markets, during which values typically move in one direction with sporadic deviations. These periods are commonly known as "bull markets" and "crypto winters," respectively. We are still in a bear market at the moment, as seen by the sharp declines in the values of the majority of popular cryptocurrencies. Although the majority of cryptocurrency assets have seen price increases in recent weeks , it will be a long time before we can declare the current activity to be a bull run.

Given this, it should come as no surprise that a lot of cryptocurrency investors are curious about the timing of the next crypto bull run.

We must first examine the past of the bull and bear markets in the cryptocurrency market in order to create a well-informed prediction on when the next one will happen. Since Bitcoin has dominated the cryptocurrency market thus far, let's concentrate on the market cycles of Bitcoin's past.

Important lessons learned: • In the past, there have been three significant bull runs in Bitcoin, followed by down markets. The cycles usually last four years, reaching their peaks and troughs a year apart.

• Following every great Bitcoin bull run, there has been a substantial price decline, ranging from 77% to 85%. After peaking, these losses take about a year to reach their lowest point.•The next cryptocurrency bull run is predicted to pick up steam in 2024, especially following the halving of Bitcoin, based on historical trends. It's possible that this cycle may peak around late 2025.•Every four years, there is a Bitcoin halving event that has traditionally caused bull runs by lowering the amount of new BTC coins that are available for purchase.•Our computational price model predicts that in the summer of 2025, almost 14 months after the 2024 halving, the price of Bitcoin might hit a peak of $175,000.•In spite of these developments, macroeconomic variables and worldwide financial.

• Notwithstanding these tendencies, the market may be impacted by macroeconomic variables and the state of the world economy. Since cryptocurrencies are still regarded as volatile investments, investor behaviour in the market may be impacted by economic uncertainty.

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History of cryptocurrency bull runs: A synopsis of Bitcoin bull runs

We've witnessed three significant bull markets for Bitcoin so far. When the price of Bitcoin surpassed $1,000 for the first time ever in 2013, there was a significant bull run. The price of Bitcoin didn't drop until January 2015, following its peak of $1,150 in December 2013. At about $171, the price reached its lowest point, an 85% decline from the high. Interestingly, your investment would now be worth more than $200,000 if you had purchased $100 worth of Bitcoin at those prices.

After that, the price of bitcoin started to rise in the second half of 2016, and in 2017 the rally really picked up speed. When Bitcoin hit a new all-time high price of just under $20,000 in December 2017, this bull run in the cryptocurrency came to an end.

It's interesting to note that there were precisely 4 years between the tops of the Bitcoin bull runs in 2013 and 2017.

Bitcoin didn't find a bottom until December 2018, when the 2017 crypto bull run started to wane. At a price of around $3,200, the bottom was achieved, representing a loss of about 84% from the top of $19,900.

Thus, there were two similarities between the Bitcoin bull markets of 2013 and 2017 and the ensuing bear markets. .. Furthermore, the percentage declines from the top to the bottom were nearly equal (85% and 84%).

In 2021, there was a significant third surge for Bitcoin. The all-time high price of Bitcoin at the time this article was written, $68,770, was the pinnacle of this rise in November 2021. Notably, the previous BTC bull run's apex occurred almost 4 years prior to current one.

As of right now, the lowest price after the peak in November 2021 was $15,600, which was attained in November 2022. Regarding timing, this roughly corresponds to the last two cycles of the Bitcoin market, wherein it took approximately a year for the price to reach its lowest point following a peak bull run. .. In light of this, Bitcoin might be a wise investment right now.

The drop in value from $68,770 to $15,600 signifies a 77% reduction in drawdown intensity. This is a somewhat milder collapse than previous ones, but it is still a significant drop.

As of this writing, the price of Bitcoin is approximately $39,200, a 151% rise from its November lows. This gives us a good deal of confidence that the $15,600 mark marked the bottom of this market cycle, but there's still a potential that prices could drop considerably further in the future.