As it has been predicted by major cryptocurrency experts since 2020 that the ongoing bull run will come to an end in the first quarter of 2021, the current market prices in the last 72 hours has seen major cryptocurrencies bleeding in prices.
We can see Bitcoin losing around $7,000 after breaking an all time High of $58,000. Ethereum was around $2,054 but currently around $1,600 which was different from what we saw the last time Bitcoin fell. Ethereum and other altcoins reached a new ATH when Bitcoin was falling early this month at the time Bitcoin was falling then.
Now that Bitcoin and the major altcoins are losing price at the same time, can we say the bull run is already ending?
This poses that the Cryptocurrency traders and new entrants into cryptocurrency world has to thread with caution to avoid or minimise losing of funds to the amount they can conveniently afford to lose.
There will be a lot of correction along the way, and we might think the bull run is ending but it's really not, I believe we still have a long bull run ahead of us maybe it will end in the last quarter of next year, we never know but the situation is very much better compared in the last three years and besides the halving will have a long term effect while at the same time many investors are coming.