Markets
When will the Crypto Bull run end?
Bitcoin’s rise to $65,000 has brought hope to shaky crypto markets. With some altcoins jumping 10% to 20% following Bitcoin’s comeback, investors are curious if this marks the restart of the crypto bull run. The history of Bitcoin prices over the last decade has been defined by alternating periods of bear and bull markets. Typically, bull markets begin after Bitcoin halving events, while the two years preceding each halving tend to be bearish.
Analyzing Bitcoin bull cycles
In this current scenario, crypto analysts like Ted Pillows are looking how Bitcoin’s market cap compares to its realized cap to understand where we are in the current bull cycle. The market cap shows the total value of all Bitcoins, while the realized cap considers when coins were last moved, giving a better idea of Bitcoin’s true value.
It further noted that market capitalization is growing faster than realized capitalization, highlighting a trend typically associated with bullish cycles. This suggests that speculative demand and investor confidence are increasing Bitcoin’s market value beyond its fundamental value.
Drawing parallels to previous bull cycles in 2013-14, 2016-17 and 2020-21, which exhibited similar trends, TedPillows suggests that the current bull run could follow a similar trajectory. Based on this analysis, he predicts that the ongoing bull cycle could end in April 2025.
Crypto Analyst Insights on the Next Bull Run
This analysis implies that investors still have enough time – around 11 months – to capitalize on Bitcoin’s upward momentum and make significant gains before the bull cycle ends.
On a similar note, Ki Young Ju, CEO of CryptoQuant, suggests that Bitcoin is currently halfway through its bull cycle. He notes that Bitcoin’s real market value is increasing faster than its realized cap, a trend that generally lasts about two years. Based on this pattern, he predicts that the current bull run will likely end within the next 11 months.
However, it is essential to note that while historical patterns can provide valuable information, market dynamics can always change and past performance does not guarantee future results.
Bitcoin Price Analysis
Meanwhile, Bitcoin price found support at $65,000, with analysts debating the possibility of a deeper correction. Although some, like Yoddha, are optimistic about Bitcoin’s strength and anticipate only a small correction, others, like Dr. Martin Hiesboeck, remain bullish on the long term. Crypto analyst Rekt Capital suggests that while a short-term correction or bottom for Bitcoin is likely, the overall downtrend may be over, with the possibility of BTC extending its gains beyond $67,000 and reaching $ 70,000.