I think now we in real bull session. Because gradually increasing Bitcoins price and others coins price. After long time we saw bitcoin price hit $50k and now bitcoin price is near about $52k.
Two event mainly works for bull run session. One is Bitcoin spot ETF approval. Now bitcoin price increasing i think it is impact of ETF approval. After small correction bitcoin price increasing. Number Two near future Bitcoin halving will happen so investors are buying and holding bitcoin i think became they know after halving bitcoin price will increase, because all we know previous halving history.
Overall considering we can easily think now we entire in real bull run market. And it will continue minimum one year. Now bitcoin price near about $52k and within this bull session Bitcoin price will hit minimum $100k, i think and believe it.
I think the era with bullrun season have started since bitcoin success break out to $52k, after waiting longer time and bitcoin get many time correction we are on bullrun moment looking for bitcoin potential raise more higher price. ETF approval could be one aspect with bitcoin started bullrun season although after announcing we have get bitcoin crashed and need waiting almost one month over.
Yeah, technically, we have break $52k, and if we look at the cycle pre-halving, lowest point is $15,500, now it's $52k, so that is a big increase already and so we can call it's recovery a full blown bull run, no doubt about it.
For raising to $100k I think still need waiting few months later, bitcoin halving get potential for bitcoin will up or down but keep optimistic what happen before and after halving. Will give impact positive for bitcoin and price keep going up or has get little correction after halving need waiting several months later to make new higher price.
Maybe, but with this kind of bullish and positive sentiments, who knows, maybe it's possible that after the halving, there will be a big rally to push the price to $100k or it could be that the whole 6 digit price will be achieved in 2025. And just like the previous bull run, a new all time high happens after the year of the halving. So we will see, we are almost on that event and so everyone gets excited as to what will be the our all time high.