Has Bitcoin's Last Bull Run Just Started?

in #bitcoin8 years ago (edited)

bitcoin 2024 bull.png

Since Bitcoin started trading, way back in 2010, we actually have had 3 big bull runs:

  • the 2010-2011 Bull Run to 32 USD
  • the 2011-2013 Bull Run to 1160 USD
  • the 2013-2017 Bull Run to 19666

All this time Bitcoin has been trading inside the channel you see in the chart above.

Now another Bull Run just started. Where will it go?

Taken into account the limited range Bitcoin is trading in, and the time-scale these Bear-Bull cycles happen, I think there is not more room than for 2 other Bull Runs at most, before reaching its MAX ATH.

I wouldn't even be surprised if from here on we go straight to the TOP, somewhere between 5M and 10M.

After this moment people will probably massively dump their coins, as their speculative value has gone below zero.

After some oscillations, Bitcoin may stabilize around 1M or 100K or 10K or 1K...

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To the question in your title, my Magic 8-Ball says:

Yes definitely

Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.

These market prize is really tough to predict. Let's hope for the best 🙂

if bull run comes it will be a big relief

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