When will the bull market in the cryptocurrency market come, and why hasn't it risen yet?

First of all, let's talk about the fact that the bull market has slowly started, and the world is flooding the market with money. So why isn't it booming now like the last bull market? This is because the pace of flooding at that time was different from now.

In 2020, in order to resist the impact of the epidemic, the Federal Reserve cut interest rates by 150 basis points in just one month, and other countries in the world were similar, with very fast flooding. This led to the explosive growth of Bitcoin prices, which rose to 65,000, near the peak of the cycle, in half a year, an increase of 20 times. And because there was no continuous flooding, Bitcoin was 69,000 by the end of the year, which was actually the same as 65,000 in April.

This round of the cycle is a slow flooding, and the interest rate will be gradually reduced by 200 basis points in the next six months, instead of falling to the bottom in one month like the 2020 epidemic. So this round of bull market is more like 2017, it will continue to rise, and it rose for a full year.

Therefore, the reason why the cryptocurrency market did not rise from March to September this year is that the Federal Reserve has not cut interest rates, resulting in no additional incremental funds in the market, which has caused the cryptocurrency market to go sideways for half a year.

But now the United States, China, Europe and other major economies except Japan are slowly moving towards quantitative easing, which will only make more and more money in the market. In addition, the approval of Bitcoin ETF has opened the door for institutions, so the bull market is already brewing imperceptibly.

What you have to do now is to hold your coins and make friends with time. You will naturally get 3 to 10 times the harvest next year.

#BTC