Each bull run in crypto history has varied in length, typically lasting from a few months to over a year. Here's a breakdown:
1. 2011 Bull Run:
Duration: Around 6 months.
Timeframe: Early 2011 to mid-2011.
Highlights: Bitcoin rose from under $1 to about $32 before a steep correction.
2. 2013 Bull Run:
Duration: Two main bull runs in one year.
First Bull Run: About 3 months, from January to April 2013.
Second Bull Run: About 3 months, from October to December 2013.
Highlights: Bitcoin surged from around $15 to $260 in April, corrected, then surged again from around $100 in October to over $1,000 by December.
3. 2017 Bull Run:
Duration: Around 12 months.
Timeframe: January 2017 to December 2017.
Highlights: Bitcoin skyrocketed from about $1,000 in January to nearly $20,000 in December, driven by ICO mania and mainstream media attention.
4. 2020–2021 Bull Run:
Duration: Roughly 18 months.
Timeframe: Mid-2020 to November 2021.
Highlights: Starting from around $10,000 in mid-2020, Bitcoin reached nearly $69,000 by November 2021, fueled by institutional interest, mainstream adoption, and economic stimulus.
After each bull run, the crypto market generally enters a correction or "crypto winter," where prices stabilize or decline over a prolonged period. These cycles reflect the market's high volatility and the influence of broader economic and market factors.