Regarding the timing of the next round of Bitcoin bull market, based on current information and reference articles, we can make the following analysis and predictions:
1. Review of historical bull markets
The first bull market: from September 2010 to June 2011, lasting 9 months. Bitcoin rose from $0.06 to $36.
The second bull market: from October 2011 to April 2013, lasting about 18 months. Bitcoin rose from $2 to $260.
2. Current Market Trends
Market risk aversion: The recent decline in Bitcoin prices may be related to macroeconomic data and investor risk aversion, but this does not represent a long-term trend.
Long-term holder behavior: Long-term Bitcoin holders are accumulating more Bitcoin and have a strong belief in the long-term value of Bitcoin. This can be seen from the fact that more than 50% of the total Bitcoin supply has been inactive on the blockchain for more than a year.
3. Future predictions
Possible timeframe for Bitcoin's next market peak: Based on the behavior of long-term holders and market trends, Bitcoin's next market peak is expected to be reached between October 2024 and March 2025. This prediction is based on the behavioral pattern of long-term holders who typically sell Bitcoin during bull markets and re-accumulate afterwards.
Influencing factors: The fluctuation of Bitcoin prices is affected by many factors, including global economic conditions, policy supervision, market sentiment, technological innovation, etc. Therefore, although the forecast gives a rough time period, the specific time point and peak height are still uncertain.
In summary, the time for the next round of Bitcoin bull market may be between October 2024 and March 2025. However, this is only a forecast based on current information and market trends, and the actual situation may vary depending on various factors. Investors should fully consider the risks and treat them with caution when making decisions.
