Shiba Inu Marketing Lead Predicts Bitcoin Bull Run Start
Shiba Inu marketing head LUCIE has commented on the Bitcoin bull run and its imminent start. She references Bitcoin's post-halving surge, which frequently starts a fresh bull run. The market may be heading for another bull bounce after the 2024 halving, according to history.
Mapping Bitcoin Post-Halving Rallies
On X (previously Twitter), Shiba Inu marketing entrepreneur LUCIE informed her 144,000 followers when she anticipated the Bitcoin bull run to start. The essay cites prior bull cycles and the timing for rallies following Bitcoin halvings.
initial, it took about a year for the BTC price to rise following the initial halving in 2012. A long bull market drove Bitcoin prices to record highs. Again, in 2016, the market moved similarly.
After the 2016 Bitcoin halving, the bull market started sooner. The 2016 bull rise started six months after the halving, unlike the 2021 bull market. By 2020, BTC prices would rise 5-6 months after halving.
This timescale suggests the Bitcoin bull market is within two months. Based on the usual six months and the Bitcoin halving in April 2024, the next bull cycle should begin in October 2024.
BTC Bull Market Could Lead to New ATHs
Despite a catastrophic market fall in early August, Bitcoin is still high enough to reach a new all-time high with a 30% push. If the BTC price maintains this level and the bull run starts as expected in a few months, a new all-time high may be possible.
Bitcoin is still over $60,000, down 1.72% in 24 hours. The weekly chart shows 5.58% increases.
