Post
Topic
Board Altcoin Discussion
Re: Next bull market comes in June
by
FireDAOJackie_Z
on 27/04/2023, 01:58:36 UTC
No one can accurately predict when the bearish phase will end and the bullrun will come. Although recently the market has started to improve but it is very difficult to say if in June a bullrun will come. Moreover, the market correction so far is still happening where the bitcoin price, which had previously risen above $ 30k but did not last long, fell again to the $ 27k area. Therefore, let's see how far the market will go until the end of this year.
Bullish phase has been in place since December 2022 when BTC ended its decline to $15K (IMO). Currently, the increase has reached 100% from November 2022. This means that the Bullish phase is underway. However, if what is meant by a bullish phase for new ATH, this may not yet take place, because generally bullish new ATH occurs after halving, maybe between late 2024 or early 2025. why do I say we are already in a bullish phase, in the last 4 months, BTC already showing an increase.

I tend to agree with you. The Bitcoin price has doubled since last November and continues to increase despite occasional corrections. Your prediction of bullish new ATH between late 2024 or early 2025 is reasonable although there are no statistics to back up. Personally I think I might have bought Bitcoin too late, at price high $30K. If I could buy some in last November, chances are that I will be selling partially for profit as of now. Anyway, facts are facts and I am confident to hold until I make profit.