Speaking of how long this BTC bull market can last, I’d like to share my views.
Many people, including myself, are watching the price trend of BTC, wondering if it will be like in June 2021, lingering for several months before suddenly breaking historical records. If that’s the case, then we can still enjoy this coin for another 4 to 5 months.
However, I think this bull market may be more stable than it was in 2021. Why? Here are a few reasons:
1. Longer consolidation period: This time BTC has lingered at the bottom for a long time, about 250 days, much more patience than in 2021.
2. More momentum after consolidation: Just like we need to warm up before running, the longer BTC consolidates, the more momentum it has afterward.
3. A refreshed market: This time, ETFs and various funds are rushing in all at once, completely different from 2021.
4. Different starting point: Although we all hope to return to the good times when BTC started rising at the end of 2020, the reality is that the current price is already much higher, and we have to face that reality.
I estimate that this bull market can still last another 4 to 8 months. BTC will continue to rise, and Bitcoin's dominance will also increase, then those altcoins will start to enjoy as well. Although it’s unlikely to return to the madness of altcoins in January 2021, the upcoming period will definitely be exciting and heart-pounding for us crypto enthusiasts.
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