If historical data is anything to go by the next cycle should be more prolonged than the last. Prior to 2021, Bitcoin's bull-run cycles run out within a few months from the beginning of the climb to when the gradual descent begins, prompting many to call it a pump and dump.
The recent bull-run was anything but. The price peaked at different times with a minimal drawback between and the overall cycle lasted almost a year.
The next halving could bring the next bull-run in its wake. I would expect a similar or better version of that of 2021. maybe a super cycle as it is dubbed.
- Jay -
Topic: Bitcoin Supercycle? - page 5. (Read 612 times)
Is it possible to have a bull run for the next couple of years? I mean more people and companies start using bitcoin often and knowing there's a limited supply of it, the demand for the crypto will go up eventually. Do you think it's possible considering inflation and our global economy today? I know its a very volatile asset but what do you think?
Yes it's possible for sure. I have realised one thing in crypto market nothing is impossible bitcoin going to below 10k is also possible in this scenario and bitcoin touching another ATH is also possible in this scenario. I say this because bitcoin has it's halving due next year and it has a history of reaching a new ATH in the year next to it's halving year, so who know bitcoin might be on another supercycle in just another 2 years. Since we already have big pumps this 2023 without halving, it's possible to see the supercycle if this continues after the halving next year.
There were discussions about supercycle last 2021 also which I was also expecting to happen because of the covid effect. It could happen this time because of the macro investors joining to accumulate BTC while the hedge against inflation and the adoption continues on top of halving this 2024.
I think your post would be rather more welcomed in the speculation section of the forum. There is where usually people ask for the price and personal predictions. Leaving that to one side, my personal prediction is that we will have a nice bull run after the expected decrease of supply due to the halving.
I would not necessarily happen immediately after it takes place, but once the market reacts to it I would not be surprised in the case we see a new ATH.
Not financial advice, btw. Just my thoughts, always DYOR.
I would not necessarily happen immediately after it takes place, but once the market reacts to it I would not be surprised in the case we see a new ATH.
Not financial advice, btw. Just my thoughts, always DYOR.
With the next halving coming next year then the urge to accumulate more before the halving is high because every halving comes with a bull run. This year we have seen bitcoin rising mostly because of the recent crises faced by banks which has prompted many into bitcoin.
But would this bull continue after halving like you asked? I would say no, because in the past after every bull run there’s a bearish period and I think this will continue because many investors have the intention of selling off some of there holdings after this bull run and as such it could affect bitcoin.
Also we can also be certain what kind of government policies or crises we will face in the future, should the government begin to hit strict bans on it again then it might affect bitcoin as many people will be forced to withdraw there holdings
But would this bull continue after halving like you asked? I would say no, because in the past after every bull run there’s a bearish period and I think this will continue because many investors have the intention of selling off some of there holdings after this bull run and as such it could affect bitcoin.
Also we can also be certain what kind of government policies or crises we will face in the future, should the government begin to hit strict bans on it again then it might affect bitcoin as many people will be forced to withdraw there holdings
Is it possible to have a bull run for the next couple of years? I mean more people and companies start using bitcoin often and knowing there's a limited supply of it, the demand for the crypto will go up eventually. Do you think it's possible considering inflation and our global economy today? I know its a very volatile asset but what do you think?
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