Despite the resistance of the authorities and dubious initiatives from the financial community, Bitcoin is slowly but surely becoming a full-fledged participant in the money transfer market. Today, you can’t buy anything with cryptocurrency, and this is the only thing that holds back the rapid growth in popularity of digital assets. Experts believe that in the coming years, it will be possible to reduce intra-network fees by an order of magnitude, which will make paying for goods and services with cryptocurrency more attractive. For now, everything comes down to primitive accumulation, when ordinary people and big tycoons try to preserve and increase their own capital. There are also traders speculating on the background of cycles of decline and growth, as well as holders of large wallets looking for their own benefit in the market. Usually, big fish buy cryptocurrency at the very bottom, and then sell it with a big profit, and as a result, the digital asset market has long acquired all the characteristics of traditional exchanges.
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Blogs Aug 28, 13:12 Bublik1
Analysts Name Bitcoin Bull Cycle Timing, Explaining Reasons for Extremely High Volatility
The next bull cycle is expected in the fall of 2025.
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Despite the resistance of the authorities and dubious initiatives from the financial community, Bitcoin is slowly but surely becoming a full-fledged participant in the money transfer market. Today, you can’t buy anything with cryptocurrency, and this is the only thing that holds back the rapid growth in popularity of digital assets. Experts believe that in the coming years, it will be possible to reduce intra-network fees by an order of magnitude, which will make paying for goods and services with cryptocurrency more attractive. For now, everything comes down to primitive accumulation, when ordinary people and big tycoons try to preserve and increase their own capital. There are also traders speculating on the background of cycles of decline and growth, as well as holders of large wallets looking for their own benefit in the market. Usually, big fish buy cryptocurrency at the very bottom, and then sell it with a big profit, and as a result, the digital asset market has long acquired all the characteristics of traditional exchanges.
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It is not surprising that in 2024, Bitcoin spot ETF trading began, allowing millions of people to invest in cryptocurrency with minimal risks. The popularity of such assets is growing, but today we are at a low point, and exchange rate fluctuations cannot restore the confidence of the mass buyer. As you can see, over the past week, most cryptocurrencies continued to decline. Bitcoin has fallen slightly in price, but in fact, this asset is already at the very bottom. But popular altcoins still have a long way to go. During the last altcoin season, many tokens demonstrated high growth dynamics, for which the owners of such assets are paying today. On the morning of August 28, the digital gold rate went below $ 59 thousand, but analysts are skeptical. Many believe that nothing interesting will happen on the market for several more weeks. Perhaps the most significant changes are associated with the decision of the American financial regulator. The Fed is expected to cut its key rate by 25 basis points in September, and by the end of 2024 the rate will go down by 50 basis points.Thanks to this, interest in risky assets will allow cryptocurrencies to gain weight, and new reco
rdov expects it from Bitcoin.
Experts note that digital gold is currently in a consolidation cycle. It is known that large players have not stopped buying up coins, but they are not doing so actively due to fears of further depreciation. Meanwhile, a supply deficit is forming on the market, and no actions of the Bears can change the state of affairs. The reason is the halving mechanism, which has led to a reduction in the generation of new coins by exactly 2 times. Recently, miners have been actively selling off their savings, but it is impossible to continue in the same spirit for too long. The assets in the hands of farmers are running out, and new ones are being formed 2 times slower than before. As soon as the amount of BTC reaches a critically low mark, Bitcoin will immediately begin to rise in price, and only mass sales and a new cycle of decline and growth can stop the process. If you listen to leading analysts, the upward movement will begin in 2025. Past halvings are cited as an example, which have led to similar consequences several times already. Thus, during the next cycle in 2013, the first cryptocurrency rose in price by 9500%, reaching its peak 406 days after the halving.The 2017 bull cycle saw a 4100% gain, peaking 511 days after the halving.
Last time we had to wait longer, and as a result, in 2021 Bitcoin rose in price by 636% and reached its peak 546 days after the halving. Considering that the time period is constantly increasing, and the growth percentages are decreasing, it can be assumed that this time we should expect peak values by the fall of 2025. In the summer of next year, digital gold will enter a full-fledged growth phase, after which it will reach its limit. Several hypotheses are put forward for the final value of the first cryptocurrency, each of which operates on quite logical grounds. Optimists believe that this time 1 BTC will be worth about 1 million dollars, while pessimists expect no more than 150 thousand dollars in the next growth-fall cycle. The second point of view is based on mathematical formulas, but does not take into account the political situation and many other factors. Some experts believe that political instability will lead to the impossibility of high-risk assets rising in price. But there are also experts who expect rapid growth precisely in moments of increased global turbulence. Allegedly, against the backdrop of emerging risks and the fall in dollar convertibility, Bitcoin will remain a safe haven, generating stable income and capable of ensuring the safety of investments.As mentioned above, the cycle will start this fall, but any significant records may disappear into thin air if US monetary policy continues to remain as tight as it has been for the past few years.
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