When Will the Next Cryptocurrency Bull Run Start?

Many people say that we should have entered the bull market a long time ago. We’re all tired of the bear market and the havoc it’s wreaking. But the SEC’s recent attack on crypto companies has raised concerns about when we will finally enter the bull market. Our last bull market was in 2021. And everything has gone downhill since then. Crypto expert Lawrence Mike Woriji explores the next cryptocurrency bull run.

Timeline of the cryptocurrency bull run

Bitcoin traded at an all-time high of $69,044.77 on November 10, 2021. However, in the bear market, this price went down to very low levels. It is currently trading at $30,990. So, statistics show that we are still in a bear market. However, many say that a bull market is imminent. The real question is: When does it start?

Different experts have their own answers to these questions. Some experts are skeptical because of the SEC’s claims that some altcoins are securities. But we know that the crypto industry will survive the SEC’s attack.

To predict the next bull run wisely, we must first review the history of bull and bear markets. Bitcoin is undoubtedly the most dominant player in the market. So it would make sense to focus on the history of Bitcoin’s market cycles for our prediction.

As you follow on Kriptokoin.com, Bitcoin has experienced three major bull markets. The first significant Bitcoin bull run started in 2013. This was when Bitcoin surpassed the $1,000 benchmark. BTC peaked at $1,150 in December 2013. However, this was followed by a sharp decline the following year. As with typical bear markets, BTC has suffered a massive drop from its previous high. Bitcoin traded at around $171 in early 2015. This was an 85% drop from the highest level.

A closer look at Bitcoin’s bull run timeline

Bitcoin’s price started to rise in the second half of 2016. Then in 2017 things really took off. The 2017 bull market peaked in December 2017, when BTC was trading around $20,000 for the first time.

Interesting news about Bitcoin’s bull run

Here’s an interesting fact: the bull market in 2013 and 2017 and the crypto winter that followed had two similar factors. It took almost a year for Bitcoin to find the bottom after the peak of the previous bull run. Also, the percentages of peak-to-bottom dips were almost similar (85% vs. 84%). The last significant Bitcoin surge occurred in 2021. As mentioned earlier, BTC hit an all-time high during this period. BTC’s peak in 2021 followed a familiar trend. It happened nearly 4 years after BTC peaked in the 2017 bull market.

Secondly, the peak price of the 2021 bull took place in November. The bottom price of BTC in the current bear market started trading at $ 15,600 a year later. This trend is similar to the 2013 and 2017 cycles. So, we can assume that it took about a year for Bitcoin to come down from its previous high. The market is unpredictable, so a historical forecast may not be 100% accurate. However, it can be a guide. In addition, the industry is only ten years old. So we don’t have enough evidence other than three examples. But almost every expert believes the bull run will happen in 2024 and peak in 2025. This estimate is not baseless speculation. It relies on several factors.

Two things that affect the bull run for the leading cryptocurrency:

1) Regulatory clarity

This is probably one of the biggest predictors of the upcoming bull run. The SEC’s threat to our industry is not helping market sentiment. Investors are undecided. But clear policies can solve all these dramas. Clear policies can provide stability for the crypto industry and increase confidence among investors. Some useful policies may include:

• Acceptance of Bitcoin as a valid payment method.
• Creating favorable conditions for cryptocurrency companies.

2) Bitcoin halving event

Bitcoin halving is a vital part of the Bitcoin community. It happens almost every four years. Bitcoin miners receive half as much BTC as a reward for adding a new block to the Bitcoin network when the Bitcoin halving occurs. Fewer new BTC enter the market. Therefore, this is generally considered bullish for the coin.

The next Bitcoin halving will occur in 2024. And looking at history, a Bitcoin bull run is usually followed by a Bitcoin halving. Based on all this, it is possible that we may see a Bitcoin bull run next year. However, as mentioned earlier, there are various regulatory, geopolitical and economic factors that can decide this.