Top experts predict the date of the next Bitcoin bullrun. When can we look forward to it?

The boredom in cryptocurrencies has been going on for quite a while. So it's time to start asking the most popular question - when is the next bullrun coming? According to some experts, it's closer than we think.

The bitcoin bullrun is supposedly around the corner... according to some.

One of the most salient points that analysts are seizing on is, of course, halving, which is that process that occurs every four years and usually results in growth as supply is reduced. This fact alone has been enough for investors around the world to come up with theories and technical analyses to justify the impending Bullrun of the $BTCUSD+3.2%.

https://www.youtube.com/watch?v=rT3szqSykVU

On the other hand, according to some experts and enthusiasts, the bullrun of early 2021 never ended but is just waiting for a favorable moment to start again. However, the news regarding the world of cryptocurrencies is overwhelmed by so many inconsistent opinions...

Some say the bullrun is close, others say it's further away than we think.

This assertion finds its justification in the fact that every Bitcoin bull run, from 2012 to the present, has cyclically been followed by a year of great value growth, followed by two more years of calm and a bear market.

The five-year chart of Bitcoin

In 2020, the last halving occurred and in 2021, Bitcoin's value actually increased. So we would currently be experiencing the peak of the bear market, which is expected to end in two years. That is, if we believe in the cyclicality of BTC.

However, according to another circle of financial analysts spreading the news on social media, a new Bullrun should occur as early as 2024, which corresponds to another halving of Bitcoin. In fact, with the drastic reduction in the number of coins in circulation, there should be a big increase in demand, which would immediately put the cryptocurrency into a truly massive bullrun. However, this is not a fundamentally revolutionary idea.

Anyway, whenever the next bullrun comes, it is expected to be much more massive than the previous ones. And that's for the simple reason I recently described here:

A simple idea predicts that the next crypto bullrun and FOMO will be absolutely insane and huge

What is halving and what to expect?

I already put a video about halving at the top of the article. But here we'll take a little more insight into it.

After every 210,000 blocks mined, roughly every four years, the transaction processing reward bitcoin miners receive is halved. This event is referred to as halving because it halves the rate at which new bitcoins are released into circulation. Bitcoin thus forces synthetic price inflation until all bitcoins are released.

This reward system will continue until approximately 2140, when the proposed limit of 21 million coins will be reached. At that time, miners will be rewarded by fees paid by network users for processing transactions. These fees will ensure that miners still have an incentive to mine and keep the network running.

Halving is extremely significant because it means a further decline in the rate of production of new bitcoins as it approaches its finite supply: the maximum total supply of bitcoins is 21 million. At the end of August 2022, there are already approximately 19.1 million bitcoins in circulation, leaving only about 1.9 million to be released.

This begs the question: if we are in a bearmarket and our bitcoins remain fixed at current levels until 2024, what is the point of doing anything? The majority will simply and simply always agree on DCA... 🤷

Or is it really soon?

But maybe there are opinions that a bullrun is much closer than halving in 2024.

Ki Young Ju, CEO of CryptoQuant, pointed out a new indicator to watch out for. In a tweet, the analyst said that the bullrun could begin when the $USDCUSD+0.0% stablecoin massively flows into the exchanges. According to data noted by Ju, 94% of USDC supply is currently circulating outside of exchanges. This supply is mostly held by traditional financial institutions such as BlackRock, Fidelity and Goldman Sachs, among others. When clients of these institutions place orders, the off-exchange tokens hit the market, which is likely to trigger a bullish rally, Ju explained. So it's a bit of a big deal in my opinion, but of course there's always a chance.

https://twitter.com/ki_young_ju/status/1578443821079142400

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Disclaimer: This is in no way an investment recommendation. This is purely my summary and analysis based on data from the internet and a few other analyses. Investing in the financial markets is risky and everyone should invest based on their own decisions. I am just an amateur sharing my opinions.

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