Introduction
There are several predictions for the next bull run on Bitcoin. These include In April, In November, In February 2024, and In July 2022. But how do we know when the bull will start? We must wait for the price to reach certain levels before we can accurately forecast. There are many platforms like finixio ai trading robot which can let you trade bitcoin easy and at the same time safely.
In April
According to experts, the next bull run should start next year. The Fed is expected to switch to a more accommodative monetary policy and begin lowering interest rates. In turn, the price of Bitcoin should start to soar. The question is, when will this happen? Bitcoin is a cryptocurrency, meaning it’s a digital currency that banks or governments don’t control.
Several indicators suggest that the bull market may have reached its bottom. These include technical indicators and on-chain indicators. However, despite these signals, there is a strong argument that the absolute bottom has not been reached yet. This view is backed by the three-month logarithmic chart of the currency. In the past, bear markets would continue to decline for several quarters before they hit their absolute bottom about a year after the peak.
In November
Many people are wondering when the next Bitcoin bull will begin. The answer depends on where you look. From the chart from late 2018, you can see the initial decline from a support area and the same in early 2019. There is a similar bottom generation. The initial low is higher than the previous low in the chart, and then the price increases more dynamically. Looking at the chart for Q4 and Q1 2023, you can see a consolidation phase followed by a big bull run.
One reason for this is the growing popularity of digital currency. Once the demand for digital currency is higher, its price will rise. This is because bitcoin prices are highly dependent on interest rates, which decrease as the Fed increases rates. However, interest rates can only rise so high before the economy recession, and the Fed will need to reverse its monetary policy. Once the economy starts recovering, the demand for risky assets will increase, leading to higher Bitcoin prices.
In July 2022
Despite its recent bear market, Bitcoin remains a viable investment. Experts believe it will reach $4000 by the end of the year, while others are more skeptical. The crypto industry has had a rough start to 2022. Increasing interest rates, higher inflation, and a sluggish economy have scared investors away. Deutsche Bank, however, believes Bitcoin could reach $28,000 by the end of the year. Another major cryptocurrency research firm, Finder, has said that BTC will get a high of $25,000 by the end of the year.
Analysts from Bloomberg Intelligence say the crypto market is primed for a price rally. They say the current bear market has highlighted the need to improve the regulatory environment. And as a result, various governments are preparing to test their digital currencies to better regulate the market. And while this is still a long way off, most cryptos that have survived the recent bear market are poised to make a massive comeback to their markers. If you’re a cryptocurrency investor, it’s worth buying before the bull market begins.
In July 2023
Bitcoins price has been crashing for the past five months. This is due to the bear market. By 2022, we should see Bitcoin back up to $60k. This means that the current bear market will be over, and Bitcoin will start its bull market again. However, the price may be lower for a few months. It may hit $35,000 and then go back to $60k. If it stays up to that point, Bitcoin could hit $69,000 in 2023.
According to a recent article on Bloomberg, the bull market for bitcoin will likely start next year or even a year later. However, this bull market may not begin until the next halving event. Until then, bitcoin will likely be in a bear market until inflation is contained. Once inflation is contained, monetary policy will favor risky assets again. However, some analysts believe that the first rate cut will come sooner rather than later.
In December 2023
It’s challenging to know when a bull market will begin, but a few indicators suggest this could happen soon. For example, the on-chain weighted average price of Coinbase is approaching its long-term support level, and the orange line represents the approximate entry price for institutional investors. The green accumulation area may also be a bottom signal.
Conclusion
Several market observers believe the crypto-winter is ending and the Bitcoin bull will start soon. Some analysts say that the bull will come in 2024. However, these predictions are not always reliable. While the current decline in the price of BTC is a strong signal, there are other factors to consider as well.