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Bitcoin: How many days until the next Bull Run?

Mon 29 Apr 2024 ▪ 3 min of reading ▪ by Eddy S.
Getting informed Regulation Crypto

The crypto market is currently in an exciting phase to closely observe. After a period of turbulence and extreme volatility, Bitcoin seems to be entering a key process of reaccumulation. This stage is absolutely essential for laying the groundwork for a potential major bullish rally that could make history.

Bitcoin Reaccumulation Crypto Bull Run

Deciphering the Dynamics of Bitcoin’s Reaccumulation

Traditionally, after each highly anticipated Bitcoin Halving event, a phase of sideways consolidation inevitably follows. During this pivotal period, prices oscillate within a relatively tight trading range. While this apparent stability may seem calm on the surface, intense movements are brewing behind the scenes.

Indeed, it is a privileged moment when savvy investors methodically strengthen their positions. This patient and strategic accumulation of assets lays the solid foundations necessary for the next wave of massive Bitcoin adoption on a global scale.

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Established Historical Trajectories and Highly Anticipated Current Predictions

By carefully analyzing the previous cycles of 2020 and 2016, we can notice striking parallels and notable similarities with the current situation. After the Bitcoin Halving events, it took about 154 and 160 days respectively in 2016 and 2020 before a major and decisive bullish breakthrough occurred, truly propelling Bitcoin to new heights.

According to the well-regarded estimates of the renowned analyst Rekt Capital, the ongoing reaccumulation phase could well extend over a minimum duration of about 150 days. It could potentially last until around September or October 2024. Moreover, a period extending beyond 200 days would ideally allow a perfect realignment of the Bitcoin market cycle with the historical norms observed in the past.

While demonstrating iron patience and discipline is essential during this seemingly atonic phase, it represents a real golden opportunity not to be missed for the most astute investors. Indeed, a well-conducted and successful reaccumulation phase will undoubtedly lay the necessary solid foundations for an upcoming bullish rally. As Bitcoin matures, this crucial step could well catalyze its greatest leap forward and its mass adoption by the general public on a global scale.

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Eddy S. avatar
Eddy S.

Le monde évolue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m'intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l'optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.