Bitcoin bull market: is it over or has it not started yet?
Bitcoin is now $60,723.62, down 1.76%. With the broken market of cryptocurrencies, everyone is wondering: Is the Bitcoin bull market over, or has the new bull market not come yet? Let's take a look today!
I think the Bitcoin bull market has not started at all! Although the market is now sideways and has a short-term retracement, it is all minor.
Some people say that the bull market has reached its peak, with a maximum of $74,000, and the next is a bear market.
This is all nonsense from inexperienced people! Bitcoin is still far from history. The real big bull market, that kind of crazy rise, has not come yet!
Looking at the history of Bitcoin, the first halving was in 2013, and it rose by 11,194% in 364 days. The second halving in 2016 rose by 2,745% in 525 days.
In 2020, the third halving took place, and the price rose to nearly $70,000 in 560 days, an increase of 730%. It can be seen that the time from halving to the peak is getting longer and longer.
There are two predictions in the market, one says that it will peak in the fourth quarter of the second year after the halving, and the other says that the bull market will end at the end of this year.
I think the first one is reliable, and Bitcoin may be in a normal bull market cycle.
If it does not go sideways, it will rise directly, and it will reach $150,000 by the end of the year. But now it is sideways, and it is estimated to peak in December 2025.
Some people are ready to use the average cost method to arbitrage more than $180,000. Early 2025 may be a good time.
It rose after the previous halvings, and it rose sharply after 168 days for the third time, and after 280 days for the second time.
If this time is the same as the last time, it may rise at the end of September, and rise in August for a shorter time.
Don't lose confidence when the market goes sideways, don't sell your positions randomly, don't touch the copycat leverage contract, just use the continuous cost averaging method to invest, you can make money.
The last time Ethereum halved, it took 560 days to reach the top, this time it may be 600 days, that is, the fourth quarter of 2025.
When investing in cryptocurrencies, you must have a stable mentality, don't sell randomly when the market panics. I didn't buy Bitcoin when it was $20,000 last year, and now it's 60,000 or 70,000. Manage your cash position well, use the cost averaging method, and wait for the next round of increases!
Want to know more about the first-hand information and in-depth analysis of the currency circle? Hurry up and click on the avatar to follow
, bringing you the latest market analysis and high-quality potential currency recommendations every day
#美国5月核心PCE物价指数年率增幅创2021年3月以来新低 #币安合约锦标赛 #IntroToCopytrading #以太坊ETF批准预期 #Meme板块普涨
