The cryptocurrency market is known for its price fluctuations, volatility and sudden changes like explosive growth, corrections, movement of prices and downward trends. These can happen anytime. As we move further in 2024 many crypto enthusiasts and traders expect a crypto bull run. In this blog, we will tell you when the next crypto bull run might happen and analyze the signs and signals related to it.
What Is A crypto Bull Run?
A crypto bull run, also known as a bull market is a period when the prices of cryptocurrencies are on the rise consistently. During the bull run period, the prices of major top cryptocurrencies like Bitcoin rise constantly. The market sentiment of investors is very positive and trading volumes increase as more people enter the market to gain profits from the bull run. This increase in prices of cryptocurrency can last up to months or even years to come and they are characterized by upward price trends with some minor corrections.
When Can The Next Bull Run Happen?
Predicting the exact timing of the next bull run is not easy since the crypto market is very volatile and many different factors influence the prices. However, there are some general observations for the next bull market:
- Historical patterns suggest that crypto bull runs may happen cyclically often in relation to Bitcoin halving events.
- Bull runs happen after some major events in the crypto market related to prices.
- Crypto bull runs can occur due to a combination of technological, social and economic factors.
- Market conditions and economic changes also play an important role.
Indicators That Can Lead To The Next Bull Run
Here are some indicators that can trigger the next bull run:
1️⃣Bitcoin Halving Event
Bitcoin halving event is one of the most reliable indicators for predicting the next bull run. In this event, the reward of mining a bitcoin block is cut to half which increases the supply of Bitcoins in the market driving up the prices. Look at the past:
- After the 2021 halving event, the prices of Bitcoin increased by over 90x
- After the halving event of 2016, the Bitcoin prices rose up to 30x
Based on this pattern it can be predicted that the next bull run might happen after the next Bitcoin halving event.
2️⃣Recent Market Performances
In 2024, the cryptocurrency market has already seen some market changes:
- Bitcoin reached a new all-time high of $73,000 in May. This price increase was largely driven by the approval of spot ETFs.
- Altcoins like Cardano and ChainLink saw remarkable performances.
- Ethereum gained a lot of interest due to the approval of its own ETFs.
These recent advances and changes in the crypto market suggest that the market may already be in the early stages of a bull run or at least making itself ready for the coming bull market.
3️⃣Regulatory Developments
Regulatory developments have always been a significant factor that led to a bull market. The recent approvals of Ethereum and Bitcoin ETFs by the SEC have brought new opportunities for investors leading to an increase in demand and prices. As more countries embrace cryptocurrency, we can expect more positive changes in regulatory developments that could lead to the next bull run.
4️⃣Technological Advancements
Recent technological advancements can lead to an increase in prices:
- Recent Bitcoins scalability solutions
- Ethereum’s ongoing upgrades, also called Ethereum 2.0
- Development of new cryptocurrencies with unique use cases
All these advancements have the potential to attract new investors and increase interest in the market causing a bull run.
5️⃣Sentiments
Investors’ sentiments play a very important role in market conditions. Some of the currency indicators are:
- Increase in Google search for crypto
- The fear and greed index shows an increase of positivity among investors
- Raising social media engagement around cryptocurrencies
All the sentiments mentioned above indicate the increase of public interest in crypto which often leads to a bull run.
6️⃣The Role Of DeFi’s And NFTs
The growth of decentralized finances ( DeFi ) and Non-fungible tokens ( NFT ) have introduced some new use cases for blockchain. An increase in these cases could lead to a vast crypto bull attracting more new investors and capital to the market.
Potential Timeframes For The Next Bull Run
While predicting the exact timing of the next bull run is impossible here are several time frames and factors to help us assume the next bull run:
- The recent market activity in 2024 suggests that we may already be in the early stages of a bull run.
- The third quarter of 2024 can be a potential starting point for the next bull run as per some experts.
Also, Read: Michaël Van De Poppe’s 2024 Bull Run Predictions
Overall
While the exact timing of the next crypto bull run remains uncertain, there are multiple factors that show the growing market conditions. As we move towards 2024, the crypto market movement will become more clear and we could have some exact predictions. By carefully analyzing the signs and signals mentioned above you can make investment decisions.
