Popular crypto analyst draws parallels between ongoing bull cycle and previous two cycles.
Historic data suggests the bull run to commence in Q4 of 2024.
The analyst believes this bull cycle to be the last glorious one for degens.
As the price of Bitcoin (BTC) faces another significant price dip and the crypto market sweeps into fear sentiment once again, analysts unite to remind the greater crypto community that dips and corrections are always a normal part of bull cycles. One analyst takes a moment to highlight the possibilities and have the community look at the big picture.
https://twitter.com/LadyofCrypto1/status/1828434186102882489
As we can see from the post above, reputed and renowned crypto analyst and staunch crypto community member, Lady of Crypto, compares the current state of the crypto bull cycle with those of the previous two bull cycles in 2017 and 2021.
Bull Run Set to Begin in Q4 of 2024
In detail, he mentions how the bull market phase of the crypto bull cycle usually lasts for about 12 months. She then highlights the years 2017 and 2021 stating that the pump began in December 2016 and lasted 11 months while in 2021 it began in October 2020 and lasted 13 months.
Sharing a chart analysis of what has taken place and what is to come, the analyst throws light on the fact that in the last two crypto bull cycles, the bull run phase began in Q4. Thus, she concludes that the coming bull run phase of the ongoing crypto bull cycle will also begin in Q4 of 2024.
Could This Be the Last Bull Run for Degens?
She goes on to say that unprecedented gains and parabolic pumps are to be expected in the coming 12 months following Q4 of 2024. She encourages vigilance and patience so traders and investors can make the most of their crypto holding in the coming crypto bull run phase. Following this, she shares another post saying that this bull cycle holds significant value compared to future bull cycles.
https://twitter.com/LadyofCrypto1/status/1828481064186032230
Lady of Crypto believes that this may just be the last bull run for degens, those looking to risk and make big gains. This possibility may no longer be an option in the future as cryptos are becoming more mainstream and institutional investors may overtake degen traders by the next cycle. Hence, she encourages all traders to make the best of this ongoing cycle.
The post Bullish Reversal Set to Enter in Q4, Analyst Expects This Bull Run to be the Last Bull Cycle for Degen Glory appeared first on Crypto News Land.