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{"id":1111,"date":"2023-08-11T07:48:14","date_gmt":"2023-08-11T07:48:14","guid":{"rendered":"https:\/\/lunu.io\/news\/?p=1111"},"modified":"2023-08-11T07:49:13","modified_gmt":"2023-08-11T07:49:13","slug":"historical-data-hints-at-bitcoins-imminent-bull-run","status":"publish","type":"post","link":"https:\/\/lunu.io\/news\/historical-data-hints-at-bitcoins-imminent-bull-run\/","title":{"rendered":"Historical Data Hints at Bitcoin&#8217;s Imminent Bull Run"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">The Anticipation of Bitcoin&#8217;s Next Bull Market<\/h2>\n\n\n\n<p>The crypto community is buzzing with speculations about Bitcoin&#8217;s next bull market. With Bitcoin&#8217;s halving event approaching, some analysts believe the next bull market could be just around the corner. This sentiment comes after months of market consolidation, with Bitcoin struggling to surpass the $30K mark. On August 10th, a renowned market analyst, &#8220;CrediBULL Crypto,&#8221; shared with his 344,000 followers that the upcoming BTC halving in April\/May 2024 might signify the peak of the bull cycle, contrary to the popular belief that it would mark the beginning.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"ast-oembed-container \" style=\"height: 100%;\"><blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Why the next <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">$BTC<\/a> halving in April\/May 2024 will likely mark our bull cycle TOP rather than the &quot;start&quot; like many are expecting and why we will likely be in the depths of a MAJOR bear market by 2025: <br><br>I&#39;ve previously explained that the amount of time we are spending\u2026 <a href=\"https:\/\/t.co\/lQrGSo4rRs\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/lQrGSo4rRs<\/a><\/p>&mdash; CrediBULL Crypto (@CredibleCrypto) <a href=\"https:\/\/twitter.com\/CredibleCrypto\/status\/1689521575433760768?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">August 10, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Delving into Historical Data and Predictions<\/h2>\n\n\n\n<p>Historically, the crypto market has seen longer consolidation phases before entering bull markets. The current consolidation, which has lasted for five months, is the longest in Bitcoin&#8217;s history. &#8220;CrediBULL Crypto&#8221; suggests that once this consolidation ends, the market could enter a parabolic phase, which might conclude around May 2024. This could then lead to a multi-year bear market starting in 2025. However, this prediction has its skeptics. Many find the idea of reaching a new all-time high in just eight months far-fetched. Yet, some industry experts, like cryptographer Adam Back, have similar sentiments. Back forecasts that Bitcoin prices might touch $100,000 post the halving, driven by the need for miners to maintain profitability as block rewards decrease.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A Personal Take on the Market&#8217;s Future<\/h2>\n\n\n\n<p>From my point of view, the crypto market is notoriously unpredictable, and while historical data can provide some insights, it&#8217;s not a definitive predictor of future outcomes. The pros of such a prediction are evident: if Bitcoin does enter a bull market soon, early investors stand to gain significantly. On the downside, if the market doesn&#8217;t perform as expected, it could lead to widespread disappointment and potential financial losses for those heavily invested. It&#8217;s also worth noting that market dynamics can change rapidly, influenced by a myriad of factors, from regulatory changes to technological advancements.<\/p>\n\n\n\n<p>In conclusion, while the anticipation of Bitcoin&#8217;s next bull run is palpable, it&#8217;s essential for investors to approach these predictions with caution and conduct their research. Only time will tell if these forecasts will materialize.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Anticipation of Bitcoin&#8217;s Next Bull Market The crypto community is buzzing with speculations about Bitcoin&#8217;s next bull market. With Bitcoin&#8217;s halving event approaching, some analysts believe the next bull market could be just around the corner. This sentiment comes after months of market consolidation, with Bitcoin struggling to surpass the $30K mark. On August [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1126,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[53,54],"tags":[],"class_list":["post-1111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-crypto"],"_links":{"self":[{"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/posts\/1111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/comments?post=1111"}],"version-history":[{"count":1,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/posts\/1111\/revisions"}],"predecessor-version":[{"id":1125,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/posts\/1111\/revisions\/1125"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/media\/1126"}],"wp:attachment":[{"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/media?parent=1111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/categories?post=1111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/tags?post=1111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}