Speaking of how long this BTC bull market can last, I’d like to share my thoughts.
Many people, including myself, are watching the price trend of BTC, wondering if it will behave like it did back in June 2021, lingering for several months before suddenly breaking historical records. If that’s the case, then this coin we hold can still keep us happy for another 4 to 5 months.
However, I think this bull market might be more stable than it was back in 2021. Why? There are several reasons:
1. Longer consolidation: This time BTC has been lingering at the bottom for quite a while, around 250 days, which is much more patience than in 2021.
2. More energy after consolidation: Just like we need to warm up before running, the longer BTC lingers, the more momentum it has when it starts running.
3. Market refresh: This time, ETFs and various funds are pouring in all at once, which is completely different from the situation in 2021.
4. Different starting point: Although we all hope to return to the wonderful time when BTC started rising at the end of 2020, the reality is that the current price level is already much higher, and we have to face that.
I estimate that this bull market can still bounce around for another 4 to 8 months. BTC needs to continue to rise, and the dominance of Bitcoin should also increase, which means those altcoins will start to thrive as well. While it’s unlikely to return to the craziness of altcoins in January 2021, the upcoming period will definitely be exciting and heart-pounding for us coin enthusiasts.
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