According to existing data, Bitcoin has experienced four bull markets. The following is a detailed introduction to the beginning and end of the four bull markets of Bitcoin:

No.: 2011 Bull Market

Bitcoin experienced its first significant bull run in early 2011. At that time, the price of Bitcoin rose from a few dollars to about $31 before quickly falling back. Reasons for this bull run include Bitcoin’s increased popularity and awareness of its potential value.

The Second: The 2013 Bull Market

At the beginning of 2013, the price of Bitcoin rose sharply again, rising from a few dozen dollars to more than 1,000 dollars. This bull market is partly due to the explosive growth of Japan’s Bitcoin exchange Mt. Gox and the further increase in market awareness of Bitcoin.

The Third: The 2017 Bull Market

2017 was one of Bitcoin’s most significant bull runs to date. The price of Bitcoin briefly exceeded $20,000 in 2017. Reasons for this bull run include increased global interest in cryptocurrencies, increased investor acceptance of Bitcoin, and changes in the regulatory environment in some countries.

Fourth time: 2020-2021 bull market

From the end of 2020 to the beginning of 2021, Bitcoin once again experienced a significant rise, pushing the price of Bitcoin to a record high. This bull market is believed to be influenced by various factors such as the participation of institutional investors and the recognition of Bitcoin as a safe-haven asset.

The Bitcoin bull market is after the halving. The Bitcoin halving is usually the precursor of the bull market. A halving occurs about every four years. Usually, Bitcoin will reach a record high and then undergo a sharp correction. The smaller the bull market increase multiple, The larger the amount of funds required, the more funds are required to enter the market to promote the bull market, so it becomes increasingly difficult for retail investors to make profits.

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