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Everyone is eagerly awaiting the next crypto bull market, but here’s the truth: the bull market has already begun! It started at $49,000, the perfect buying opportunity I predicted. However, the pace is slower than the explosive growth of 2020. So what’s going on?
Back in 2020, central banks around the world, led by the Federal Reserve, pumped liquidity into the market by cutting interest rates in response to the pandemic. This rapid influx of money caused Bitcoin to skyrocket from a few thousand to $65,000 in six months, and eventually to $69,000 in 2021. But without the extra liquidity, that rally has petered out.
This time is different. Instead of taking quick and radical action, central banks are slowly easing monetary policy. We expect interest rates to fall by 200 basis points over the next six months, but this steady increase in liquidity is more like the 2017 bull run, which unfolded over a year and a half. That’s why the market has been moving sideways lately—there’s no additional liquidity yet.
But here’s the interesting thing: QE is coming. The US, Europe, and China are slowly pouring more money into the market. Add in the approval of a Bitcoin ETF and the arrival of institutional investors, and you have the foundation for a major rally.
What does this mean for you?
It's simple: hold your coins and be patient. Over the next year, you could see returns of 3x to 10x. With the market poised for sustained growth, 2024 could be the year we see explosive growth.
🌟 Short-Term November Catalyst: Watch the start of November closely. If Trump wins the election, it could trigger a sharp surge in Bitcoin, with a potential 20% gain in a single day. This could see Bitcoin rush to $100,000 by the end of the year.
The bull market wave is rising. Are you ready to ride it?
#moonbix #10MTradersLeague #USPPIAboveExpectations #BTC60KResistance
