When is the Next Crypto Bull Run Going to Be? Based on empirical market behavior, many experts believe that the next crypto bull run will occur around the time of Bitcoin's halving event, which is expected to occur in 2024. However, some analysts forecast that the bull run may happen as soon as 2023.
On average, a Bitcoin bull market lasts 407 days, and the price increases around 40x its lowest price point.
Bitcoin has rallied 80% this year – with prices surging 23% in March amid multiple bank failures in the U.S. Ethereum's native token ether (ETH) is up 76% year-to-date, according to CoinDesk data.
After a roller-coaster 18 months, bitcoin—not necessarily the entire U.S. cryptocurrency market—may be on the cusp of a bullish run in the second half of 2023, according to analysts from Adamant Research and Standard Chartered bank. The key driver could be greater adoption by traditional financial firms.
Since 1928, the index's 27 bear markets have lasted an average of 286 days, while its average bull market has lasted 1,011 days, they added. If the new bull market were to last as long as the average bull, it would extend to July 2025, the strategists concluded.
The majority of Wall Street investors believe stocks have entered a new bull market and the U.S. economy will skirt a recession in 2023, according to the new CNBC Delivering Alpha investor survey.
Based on empirical market behavior, many experts believe that the next crypto bull run will occur around the time of Bitcoin's halving event, which is expected to occur in 2024.
While no guarantee exists, the crypto market's historical resilience indicates further recovery in 2023 is possible.
“Bitcoin can rise again in 2023 provided there are no macroeconomic headwinds.” says Karkara. He also feels that crypto traders and investors should research extensively on the fundamentals and technicalities of an asset before taking a buy or sell decision.
Our most recent Bitcoin price forecast indicates that its value will increase by 4.61% and reach $30,679 by July 28, 2023. Our technical indicators signal about the Neutral Bullish 50% market sentiment on Bitcoin, while the Fear & Greed Index is displaying a score of 51 (Neutral).
Rather, it seems Bitcoin is currently in no-man's land straddling the edges of the past bear market and its potential next leg up in a coming bull market. But while it remains in this territory, the world's most valuable cryptocurrency still looks to be a bargain.
Bitcoin has faced a total of 4 bear markets in the past and is currently in the midst of its fifth. The longest it has ever taken Bitcoin to recover after a massive crash is a period of 36-37 months and with that precedent, the current bear market still has quite some time to go.
That is, it pumps massively every 4 years. One of the biggest triggers behind these quadrennial bull runs is the Bitcoin Halvening. In short, approximately every 4 years (or 210,000 blocks), the Bitcoin Network cuts its issuance rate of new BTC in half.
In general, bull markets are a better time to invest. Yes, stock prices are higher, but it's an overall less risky time to invest.
Bitcoin (BTC) is entering a new “speculation cycle” typical of a bull run, new analysis says. In a tweet on May 16, Philip Swift, creator of data resource LookIntoBitcoin and co-founder of trading suite DecenTrader, revealed history repeating itself according to the RHODL Ratio metric.
Whether you're looking into cryptocurrency, stocks, real estate, or any other asset, you'll often see markets described in one of two ways: as a bull market or a bear market. To put it simply, a bull market is a rising market, while a bear market is a declining one.
The Verdict. Given its low hard cap at launch and the exponential returns meme coins have given this year, our top pick for the next crypto to go 1000x is Thug Life.
It is forecast that bitcoin's price will reach a maximum of $214,232.74 USD by 2026. This is followed by a minimum of $181,308.21 USD, with an average price of $186,289.04 USD by 2026. Meanwhile, some experts see more potential in Bitcoin and predict a price of $274,279.582 USD by then.
Bitcoin Price Prediction 2023-2030
Based on our analysis, Bitcoin's price will fall to $21,525 by the end of 2023. This is a potential loss of 17% by the end of the year. By the end of 2025, we expect BTC to rise to $45,200, a gain of 74.3% from today's price.
Bitcoin (BTC), the world's largest cryptocurrency by market value, could rise to $50,000 by the end of this year and up to $120,000 by end-2024, Standard Chartered Bank said in a research report on Monday. The British multinational bank increased its bitcoin price forecast from the $100,000 predicted in April.
“I usually recommend limiting any investment in crypto to 1% of your risky investments,” says Rick Nott, a CFP and senior wealth adviser at LourdMurray, or up to 5% “if you have deep pockets and understand the risk.” All investments go through cycles, he notes.
The bitcoin halving, which occurs every four years, reduces rewards for successfully mining new bitcoin by 50%. The aim is to reduce the supply of bitcoin over time. Before the last halving, on May 11, 2020, the price of bitcoin increased by 19% from the same day a year earlier.
After a prolonged bear market in 2020, analysts and investors are optimistic that the crypto markets will rally in 2023. This positive outlook has been bolstered by the fact that the industry has managed to weather the storm and show signs of recovery even in difficult times.
Are we in a bull market now? Using the basic, 20% definition and applying it to the blue-chip S&P 500 index, you could conclude that we are, in fact, in a bull market now. As of July 24, 2023, the index had risen more than 20% over its lows from the prior year. S&P Dow Jones Indices.