How long will the bull market last? Personal thoughts, please don't attack
Many people, including myself, have speculated whether the current $BTC trend is similar to the situation in June 2021—when the price broke through historical highs after several months of consolidation. If so, there might be about 4-5 months of upward movement left.
However, I believe this market may last longer than in 2021 for the following reasons:
1. Longer consolidation period: This consolidation period has lasted about 250 days, far exceeding that of 2021.
2. Strong rally after a long consolidation: Generally, after a longer consolidation or base formation, the subsequent rise tends to be stronger.
3. Different market structure: This time, there are ETFs and a large influx of capital, which is quite different from the market conditions in 2021.
4. Not yet at the initial rally phase similar to the winter of 2020: Although I hope so, I don't think our current market is in a zone similar to the end of 2020 when BTC just started to rise, as the current BTC levels are relatively higher.
I believe we may have a 4-8 month upward period ahead. I expect BTC to perform stronger (which has already started), BTC.D (Bitcoin dominance) to rise further, and then we will welcome the altcoin frenzy. While it won't completely replicate the altcoin season of January 2021, the upcoming period will be very exciting for many.