Re: When Will The Next Bitcoin Bull-Run Be? and Binance CEO Says...
CZ explained that the price of Bitcoin has historically moved in four-year bull cycles and his best bet was that this would continue to occur.
While he admitted that he couldn’t see the future, Zhao emphasized the upcoming Bitcoin halving event in 2024 and declared 2025 to be the most likely year for the next bull market, stating:
“The year after Bitcoin halving is usually the bull year.“
Anyway the next Bitcoin Halving estimated period will be in 285 days.While he admitted that he couldn’t see the future, Zhao emphasized the upcoming Bitcoin halving event in 2024 and declared 2025 to be the most likely year for the next bull market, stating:
“The year after Bitcoin halving is usually the bull year.“
Including CZ also some of other crypto experts and enthusiasts already predicted about the next Bull Season. Co Founder of Huobi said that following the halving event we may see the bull run in 2024 or 2025. Another crypto expert described that Bitcoin rally will probably occur 6 to 12 months ahead of the halving. I appreciate their predictions and they predicted it observing the demand and the past histories.
Here is the price chart of halving period and later:
If we see the last Bull season Bitcoin price rallied upto 622% after the halving . In my opinion the next Bull season will start earlier like in Q3 or Q4 in 2024 . Because Bitcoin is now more popular and adopted by many people and companies. People are now aware and learned a good lesson from the past halving events. So my prediction is that Bull Season will start in 2024 but we may see ATH in 2025.
There's something key that most people are missing from these predictions....that is the relief/recovery before the halving.
As you can see across all of the charts, Bitcoin is already recovering before the bull cycle begins. These bull run predictions are all predicting continuations from ATH, not really considering the rise prior.
I find it extremely suspicious that large exchange owners are predicting a bull run 6-12 months after the halving. Demand is completely different this time around, I think entering in 2025 would be entering well and truly into the bull cycle...rather than entering before it starting.