When Will the Crypto Bull Run End?

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Bitcoin’s recent surge to $65,000 has sparked fresh optimism in the volatile crypto markets. Following Bitcoin’s climb, some altcoins have surged by 10% to 20%, prompting investors to wonder if this heralds the beginning of a new crypto bull run.

Over the past decade, Bitcoin’s price has swung between bear and bull markets, often starting bullish trends after halving events, with the two years before each halving typically seeing bearish trends.

Here’s a deep dive for both crypto bulls and bears to gauge their next move!

Understanding the Current Bull Cycle

In the current landscape, analysts like Ted Pillows are examining Bitcoin’s market cap versus its realized cap to gauge where we stand in the bull cycle. The market cap represents the total value of all Bitcoins, while the realized cap considers when coins were last moved, providing a clearer picture of Bitcoin’s actual worth.

𝗪𝗵𝗲𝗻 𝘄𝗶𝗹𝗹 𝘁𝗵𝗲 𝗰𝗿𝘆𝗽𝘁𝗼 𝗯𝘂𝗹𝗹 𝗿𝘂𝗻 𝗲𝗻𝗱?
 
Right now, #Bitcoin is just halfway through the current bull cycle.
 
The #BTC market cap is growing at a faster pace than its realized cap.
 
This is a bull cycle trend that usually lasts for 2 years.
 
… pic.twitter.com/PWBuFWJJtR

— Ted (@TedPillows) May 18, 2024

He further observed that the market cap is growing faster than the realized cap, highlighting a trend typically associated with bull cycles. This suggests that speculative demand and investor confidence are driving up the market value of Bitcoin beyond its fundamental value.

Drawing parallels with previous bull cycles in 2013-14, 2016-17, and 2020-21, which exhibited similar trends, TedPillows suggests that the current bull run could follow a similar trajectory. Based on this analysis, he predicts that the ongoing bull cycle may conclude in April 2025.

When to Seize the Opportunity?

According to Pillows’ analysis, investors have roughly 11 months to take advantage of Bitcoin’s upward momentum and potentially see significant gains before the bull cycle concludes.

Expert Insights

Ki Young Ju, CEO of CryptoQuant, also believes Bitcoin is midway through its bull cycle. He observes that Bitcoin’s market cap is growing faster than its realized cap, a trend typically lasting about two years. Based on this trend, he predicts the current bull run might end within the next 11 months.

#Bitcoin is in the middle of the bull cycle.

Its market cap is growing faster than its realized cap, a trend that typically lasts around two years.

If this pattern continues, the bull cycle might end by April 2025. pic.twitter.com/o4k8B1Rkhv

— Ki Young Ju (@ki_young_ju) May 17, 2024

However, it’s important to remember that while historical patterns offer valuable insights, market dynamics can shift, and past performance does not guarantee future results.

Bitcoin Price Analysis: What’s the Market Like?

Bitcoin has found solid support at $65,000, though analysts debate the possibility of a deeper correction.

#Bitcoin is holding up the price so strongly that I don't think there will be a deep correction pic.twitter.com/e85QrDRQwm

— Yoddha (@CryptoYoddha) May 18, 2024

While some, like Yoddha, remain optimistic about Bitcoin’s resilience and foresee only a minor correction, others, like Dr. Martin Hiesboeck, maintain long-term bullish sentiments. Crypto analyst Rekt Capital suggests a short-term correction is possible, but the overall downtrend might be over, with Bitcoin potentially surpassing $67,000 and even reaching $70,000.

Bullish or Bearish? Share your thoughts on whether Bitcoin’s headed for a record-breaking run or a reality check.