Bitcoin, How Long Will It Take for the Next Bullrun?
The crypto winter seems to be coming to an end and everyone is wondering when Bitcoin will start climbing the charts again. According to some quite soon, according to others not until 2024. But is it really possible to predict Bitcoin’s next Bullrun?
The world’s most popular cryptocurrency is halfway to its next halving, which is the process that happens every four years and results in a decrease in the inflation rate. This alone has been enough for investors all over the world to come up with theories and technical analysis that will substantiate an impending Bullrun of BTC. In any case, we encourage you to keep an eye out Binance BTC live chart so you can follow market fluctuations in real time.
According to some researchers and enthusiasts, however, the early 2021 Bullrun would never have ended, but would have merely faced a pause while waiting for an opportune moment to start again. There are so many conflicting opinions crowding out the news related to the cryptocurrency world that it is difficult to make accurate predictions, but according to the opinion of authoritative sources with some experience in the field, it seems plausible to us that Bitcoin’s next “all-time” high » may happen later than we think.
Bitcoin Bullrun? Not before 2024
In accordance Mark Yuskodirector of the financial firm Morgan Creek, a new Bullrun of Bitcoin will take place in 2025the year following the next halving date.
The claim finds its justification in the fact that after each Bitcoin halvingfrom 2012 to the present, there is a cyclical year of great growth in the asset’s value followed by another two years of calm and a bear market.
In 2020, the last halving happened, and in 2021, Bitcoin actually increased in value from around €7,000 to around €50,000, an impressive performance that investors will surely remember with a smile. At the moment we will then experience the height of a bear market which would be fated to end only in two years. That is if we believe in the cyclicality of BTC.
New Bullrun in May 2024
However, according to another fringe of financial analysts who spread the news on regular social media, a new Bullrun should happen as early as 2024, corresponding Bitcoin’s next halving. Indeed, with the drastic reduction of circulating coins, a large increase in demand should be triggered, which will immediately lead the cryptocurrency to new bullish trends.
Therefore, according to this hypothesis, it would not be necessary to wait until the end of 2024, but patience until May would be sufficient. Again, the prediction seems to be quite reasonable, and on the one hand, we hope that it will come true so that we can enjoy a spring of pleasant green candles.
How to prepare for the upcoming halving?
The question arises: if we are in a bear market season and until 2024 our Bitcoins will remain fixed at current levels, what is worth doing? Many would agree that the winning strategy can be to gradually accumulate a good amount of tokens so that, when halved, they can multiply in value.
For that matter, we cannot say for sure that we will have that long before next Bullrun. Bitcoin has also on other occasions proven its ability to be unpredictable and betray the most reliable predictions ever made. If you own Bitcoin our suggestion, and this is not financial advice, is absolutely not to sell at this time, since such a choice can seriously burn you in the coming months.
