Have you ever wondered what a crypto bull run is? It’s a period when cryptocurrency prices, like Bitcoin, rise significantly over a short period.
Historically, Bitcoin's market cycles suggest the next crypto bull run could start after the Bitcoin halving in 2024, peaking in late 2025.
However, due to the volatile nature of cryptocurrency markets, exact predictions are challenging.
Currently, we are in a bear market with most cryptocurrencies significantly below their peak values.
Despite recent price rallies, a new bull run hasn't yet started.
Investors are curious about the next bull run's timing, and understanding Bitcoin's past cycles can provide some insights.
Understanding the history of Bitcoin bull runs can provide insights into what might fuel the next one.
A Brief History of Bitcoin Bull Runs
Bitcoin has experienced several notable bull runs since its inception in 2009:
1.2013: Bitcoin’s price surged from around $13 to over $1,000.
This rapid increase was driven by growing interest and early adoption.
After peaking at $1,150 in December 2013, Bitcoin's price fell to around $171 by January 2015, an 85% decrease.
2.2017: The price skyrocketed from $1,000 to nearly $20,000.
This crypto bull run was drived by increased media attention, the launch of Bitcoin futures, and a surge in retail investor interest.
Following the peak in December 2017, Bitcoin's price dropped to about $3,200 by December 2018, an 84% decline.
3.2020-2021: Bitcoin soared from about $10,000 to an all-time high of around $64,000 in April 2021.
Institutional investment, economic stimulus measures, and broader acceptance of cryptocurrencies drove this rally. After this peak, the lowest price level reached was $15,600 in November 2022, representing a 77% decrease.
When is the Next Crypto Bull Run Expected?
When is the Next Crypto Bull Run Expected?
Many experts believe the next bull run could start after the Bitcoin halving in 2024 and peak in late 2025.
However, predicting the exact timing is challenging due to the volatile nature of cryptocurrency markets.
Historical patterns suggest that bull runs often occur in cycles, typically every four years, aligning with Bitcoin's halving events.
This event, which happens approximately every four years, reduces the reward for mining Bitcoin, thus decreasing the supply.
The next halving is expected in April 2024. Historically, halvings have led to significant price increases due to reduced supply.
2. Ethereum Scalability Improvements:
Ethereum’s network upgrades, including improvements to scalability, could also drive the next bull run.
Enhancements such as Ethereum 2.0 and Layer 2 solutions aim to reduce transaction costs and increase network efficiency.
3.Broader Adoption and Institutional Interest:
More acceptance of cryptocurrencies by mainstream users and institutions could increase demand.
Recent developments like the approval of Bitcoin ETFs and growing corporate investments in crypto signal a broader acceptance.
Bitcoin Halving
Bitcoin halvings have historically triggered bull runs by reducing the supply of new BTC entering the market.
The next halving, expected in 2024, will reduce the mining reward from 6.25 BTC to 3.125 BTC.
This event often leads to increased prices due to reduced supply. Previous halvings in 2012, 2016, and 2020 were followed by significant price increases.
Ethereum Scalability Improvements and the Ethereum Triple Halving
Ethereum’s upgrades aim to improve scalability and reduce costs, making it more attractive for users. The Ethereum triple halving involves:
* Lower ETH issuance after transitioning to Proof-of-Stake: This reduces the rate at which new ETH is created, decreasing supply.
* Transaction fee burning (EIP-1559): A portion of transaction fees is burned, permanently removing ETH from circulation.
* ETH staking temporarily removes coins from circulation: Staking ETH locks it up for a period, reducing the available supply.
These factors make ETH a more attractive long-term investment. The combination of reduced supply and improved network efficiency positions Ethereum well for future growth.
What Could Go Wrong in the Crypto Market?
Despite the positive outlook, several risks could impact the market:
* Regulatory Changes: Government regulations can significantly affect cryptocurrency prices. Stricter regulations or unfavourable legal decisions could lead to market uncertainty and price volatility.
* Security Risks: Hacks and breaches can undermine investor confidence. Ensuring robust security measures is crucial for maintaining trust in the crypto ecosystem.
* Macroeconomic Factors: Economic instability can lead to market volatility. High interest rates, inflation, and economic downturns can impact investor behaviour and market sentiment.
Bitcoin Price Prediction 2024-2025: A Crypto Bull Run Prediction
Analysts predict Bitcoin could reach new heights by 2024-2025, potentially hitting $175,000, driven by the halving event and increasing adoption.
However, these predictions should be taken cautiously due to the unpredictable nature of the market.
So, When is the Next Crypto Bull Run Expected to Happen?
Based on past patterns, the next bull run is expected around 2024-2025, following the Bitcoin halving event.
Bottom Line on the Next Crypto Bull Run
Due to market volatility, predicting the exact timing of the next crypto bull run is complex
Based on Bitcoin's historical cycles, it's anticipated to commence after the 2024 halving, possibly peaking by late 2025.
We're in a bear market, with cryptocurrencies below previous highs despite recent price upticks.
Investors remain watchful for signs of the next bull run, with Bitcoin's past performance offering valuable insights into potential future trends.
Stay informed and prepare for the next bull run. Start your crypto journey with confidence on ZendWallet today!
