We don't know if next year will be a bull run or a bear run but at the moment, we are still in a bear run, even though the bitcoin price could now reverse direction and be at $20k. Maybe the bull run moment will come next month or at the end of the year and hopefully, that will happen.
I will say it's better not to expect something big next year, and so personally I will treat it as still in the bear market even if there will be some spike in the price in 2023.
The important thing is that we can prepare for whatever will happen next year to get a good momentum to buy or sell. But I'm hoping that next year's conditions will turn around for the better than they are now and while the price won't be able to soar to the last ATH, it should hopefully hit $30k or more.
And if we guess that a bull run could occur before the halving, we still have to wait more than 1 year. But for the future, the price of bitcoin can still rise higher than the last ATH. And we all certainly hope that after this month, the price of bitcoin can rise and provoke a bull run.
History repeats itself, so I will hold that the next bull run will occur only after the bitcoin halving It has been the catalyst ever since. And so I doubt that it will be broken or we could be seeing ATH prior to this activity. So it's a long way to go for us and we could still buy cheap bitcoin, just saying.
If so, we still need to be patient as bitcoin split in half needs to be around 1 year 6 months. But hopefully, before that happens, the bitcoin price can hit a high price and maybe reach $40k-$50k again before creating a new ATH.
We don't know if next year will be a bull run or a bear run but at the moment, we are still in a bear run, even though the bitcoin price could now reverse direction and be at $20k. Maybe the bull run moment will come next month or at the end of the year and hopefully, that will happen.
And if we guess that a bull run could occur before the halving, we still have to wait more than 1 year. But for the future, the price of bitcoin can still rise higher than the last ATH. And we all certainly hope that after this month, the price of bitcoin can rise and provoke a bull run.
Now there has probably been a normal bounce and the euphoria about this event scares me a bit. Everyone is now starting to talk about a reversal and that a new bull run is coming. I doubt it will happen before the halving as well. It usually happens afterwards. So if this cycle continues, there will be a bull run in 2 years.
Maybe it's because we are currently seeing the price going back to $20k that we think a reversal is happening and this situation will continue. But we should still be careful because this may still be temporary and there is no clue whether this is indeed the reversal we were hoping for or is it just a temporary upside. But if it is a rise before the halving, maybe it will still take some time so we have to be patient again.