As Bitcoin price continues to hover in sideways movement, analysts confer.
What’s next is likely another dip before a glorious pump to new ATHs.
An analyst explains in detail what to expect for the month of September and Q4.
As Bitcoin (BTC) price continues its precarious sideways movement hovering between $56,000 and $57,000, crypto analysts share their expectations for what’s next for crypto. While many await another crypto price drop towards the $40,000 - $47,000 price range, others expect market makers to do just the opposite and pump the market when least expected.
What to Expect This Crypto Bull Cycle?
Despite the discrepancies in how much Bitcoin (BTC) price will dip, one expectation remains constant between all crypto analysts, and that is that Bitcoin (BTC) will soar back up to its previous ATH and continue to go higher. A huge aspect that supports this view comes in comparing the BTC price chart from its current cycles with its previous cycles.
One popular crypto analyst, Lady of Crypto, shares a detailed video explaining when she believes the face-melting crypto bull run will begin for this cycle. She makes it clear that she is not a financial advisor nor should any content of her video be considered financial advice, and goes on to share her observations and expectation.
https://twitter.com/LadyofCrypto1/status/1831723772174368826
As we can see from the post, this analyst highlights how September is a crucial month for crypto and that many expect September to be a challenging month for the crypto market. However, in her eyes, September is a pivotal month as it onsets the start of the bullish phase of the crypto bull cycle.
When Will the Crypto Bull Run Phase Begin?
She observes that Q4 is always when the crypto market switches to bullish trends and this is why September is often the month to print the bottom of the trend if not August. She goes on to break down and explain other current factors that could contribute to the trigger of the bull run phase which includes FED Interest Rates, blockchain events, and other such factors.
https://www.youtube.com/watch?v=Zpkj1aXXUCQ
Lastly, she mentions how not all altcoins follow Bitcoin’s lead. Thus, when altseason arrives, many altcoins could set new ATHs despite Bitcoin’s position in the space during that moment. Finally, she mentions that this crypto bull cycle could be the last for degens to enjoy as more and more institutions are entering the crypto space.
The post Crypto Analyst Reveals: When Will the Real Bull Run Phase of the Bull Cycle Begin? appeared first on Crypto News Land.
