CryptoCon, a well-known analytical institution in the field of cryptocurrency, recently issued a striking prediction, which aims to alleviate market concerns about a potential economic recession or a long-term bear market and bring confidence to investors through an optimistic analysis of the future trend of Bitcoin. .

CryptoCon clearly pointed out in the report that Bitcoin is currently in the mid-term correction stage of a cycle. The characteristics of this stage were deeply analyzed by the agency through the Puell Multiple analysis tool, and pointed out that this indicator indicates that the Bitcoin price is about to usher in a new era. There is a significant upward trend. The agency specifically mentioned that similar patterns have been followed in several key cycles of Bitcoin in the past, especially on the eve of the launch of these important bull markets in September 2012, 2016 and 2020. Therefore, CryptoCon firmly believes that although the market has experienced a certain degree of volatility recently, this is precisely a positive signal that Bitcoin is about to enter a new upward cycle.

Regarding the specific prediction of the bull market, CryptoCon emphasized the importance of the Bitcoin halving cycle as a key factor driving bullish sentiment in the market. According to the agency’s halving cycle theory, a special period marked as the “red year” will officially kick off on November 28, 2024, and is expected to last until November 28, 2025. CryptoCon believes that this period will serve as a sign of the official launch of the new bull market, indicating that the Bitcoin market will usher in a strong rise.

In summary, through detailed data analysis and historical comparison, CryptoCon not only dispelled the market's concerns about the adverse economic environment, but also clearly pointed out that the Bitcoin bull market is coming, painting a promising future picture for investors.