Many are anxiously awaiting the next bull market in cryptocurrency, so why hasn't it taken off yet? Let me break it down for you: the bull market has already started, beginning at the $49,000 turning point that I predicted as a bottom-buy opportunity. The world is steadily pumping liquidity into the market, but the pace is slower compared to the last bull run.
In 2020, during the pandemic, the Federal Reserve slashed interest rates by 150 basis points in just one month, and other countries quickly followed suit, flooding the market with liquidity. This rapid action caused Bitcoin’s price to surge, hitting $65,000 in just six months—an 18x increase. By late 2021, Bitcoin reached $69,000, forming a double top with its April peak, but without continued liquidity, it stalled.
Now, the situation is different. This cycle’s monetary easing is happening gradually, with interest rates expected to drop by 200 basis points over the next six months. Unlike the sharp liquidity influx of 2020, this cycle resembles the 2017 bull market, which unfolded steadily over a year and a half. The reason for the sideways trend between March and September this year? No rate cuts by the Federal Reserve, meaning no additional liquidity to fuel the market.
However, major economies like the U.S., China, and Europe (excluding Japan) are now leaning toward quantitative easing, slowly increasing the amount of money in the market.
With the approval of Bitcoin ETFs, institutional investors are entering the space, laying the groundwork for the next major bull run. Your best move now? Hold your coins and be patient—next year, you could see returns of 3x to 10x!
🌟 Short-term explosion ahead: Keep an eye on early November, when Trump's potential election win could act as a catalyst.
If it happens, expect Bitcoin to break past previous highs, with a 20% surge in a single day, and a possible rally toward $100,000 by year-end. Are you ready for the main wave of the bull market? Hold tight it’s coming!
#moonbix #SCRLaunchpoolStarts! #BTC60KResistance #USCPIWatch #SCRfarmingyet?
