Crypto Blog

As the Crypto Winter Enters a Period Of Max Pain, Heres What Investors Should Look For To Prepare For the Next Bull Run

On the other hand, a bull market is linked to a strong economy, during which consumer spending is higher and profits are more significant. However, crypto markets are still relatively new on the scene, compared with traditional securities which have been around for hundreds of years. With fewer total investors, crypto may also be driven by factors unique to its niche. There is a sustained increase in asset prices in a bull market, accompanied by a strong economy and high employment levels. However, Bitcoin and the general crypto market have traded in the red zone in the first half of 2022. Notably, the flagship crypto recorded its worst returns in a quarter during Q2 2022, losing its value by 56%.

  • The entire ecosystem uses the AXS token, also known as Axie Infinity Shards.
  • According to the Coin Price Forecast website, the forecasted Bitcoin price at the end of 2022 is $49,065, noting a year-to-year change of +5%.
  • The majority of the sellers have held their coins for 155 days or less and therefore bought them during the current bull market.
  • There are two very popular patterns traders across traditional and crypto markets use all the time to describe the investors’ sentiment.
  • Cryptoassets are a highly volatile unregulated investment product.

If the last three halvings have taught us anything, it’s that a breakout is imminent, so however long it may be delayed, it is coming. Musk is still on his “bitcoin isn’t green” FUD train and no matter how wrong he is about the whole narrative he has been spreading, he still commands a global audience, which is not a good thing in this case. The sooner more respectable institutions and individuals can spread the true effect bitcoin mining has on the environment and how much mining is done through renewable energy sources, the better. Of course, do your own research, and be skeptical of specific financial advice, except maybe from your trusted financial planner. Even well-meaning friends and family may sometimes try to shill you ambitious new coins, or tell you exactly when to buy or exactly what to sell. Premium members of the platform can still benefit from zero spot trading fees if they trade up to $1 million per day or up to $5 million per month.

So, please use your own discretion for making any decisions and take them after thorough research. A brass statue of a bull located on Wall Street, New York City, pictured in June 2012. The length of a bull run can vary, but a rise generally has to take place over an extended period in order for it to be classed as such.

We want to make it possible for everyone to easily enter the world of cryptocurrency. On our website you will find guides and tutorials for both beginners and advanced traders. Everything is explained in such a way that no technical knowledge is required. On CryptoTips you read independent reviews about crypto companies where you can buy cryptocurrency or leave your own review.

Was the Market top Achieved, Bitcoin May not Reach ATH in the Next 2-3 Years!

In fact, he advises against taking a shotgun approach to investing in cryptocurrency. There is a setup of reasons shaping the market sentiment into a bull run. The economic crisis of 2013 on Cyprus and the one resulting out of COVID-19 in 2020 taught us that people start looking into non-traditional types of investment when the traditional systems crash. A political regime suppressing foreign investment of any kind, like in China in 2013, might also stimulate the middle-class population to adopt crypto that has no borders. Plus, don’t throw off the ship institutions pumping money into crypto, say as it started to happen in 2017 and the Bitcoin halving.

crypto bull run

The value of the cryptocurrency market as a whole has experienced a rapid rise since the start of 2020, when all coins in circulation were worth a total of around $185 billion, according to CoinMarketCap data. By mid-May 2021, this figure, known as the market cap, had risen to more than $2.5 trillion. This six week high is a welcome notion considering that the market has been plagued with negative regulatory rulings over the last two months.

Crypto: When Will the Next Bull Market Begin?

At the time of writing, the crypto was trading at $24,750 on the back of a 0.75% daily hike. In fact, it also looked set to end the week on a positive note with weekly gains of over 7.75%. There’s no way of telling how long a bear market will last, especially if it’s driven by recession or similar circumstances. So, the issue is not knowing when exactly the dip will last, and how much further prices can drop. As a result, you might make a premature buy or miss out on a good investment.

The massive bull run: from October-November, 2020 to October, 2021

Intelligence Strategist, Mike McGlone believes the star crypto is all set to pull a massive leg up very soon. Additionally, several indicators that had previously flashed a bull run indicator are now trading at similar levels. Therefore, raising the possibility of undergoing a similar price action in the coming days. Thursday’s GDP report spurred more uncertainty about a global economy that has suffered one stomach punch after another for more than nine months. However, many economists – and even Federal Reserve Chairman Jerome Powell and U.S.

Leave a Reply

Your email address will not be published.