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HomeCryptoWhen Will Bitcoin Rise Again? Next CRYPTO BULL RUN Prediction

When Will Bitcoin Rise Again? Next CRYPTO BULL RUN Prediction

If you are wondering when the next crypto bull run will happen and when will crypto rise again, you are not alone. Many investors and traders are eagerly waiting for the crypto market to recover from the recent crash that saw bitcoin drop from its all-time high of $69000 to as low as $15500.

Currently, Bitcoin is trading around $27200, which is 60% below its peak. So, what are the factors that could trigger a new wave of bullish momentum and push bitcoin and crypto market to new heights? In this blog post, we will explore three possible scenarios that could lead to a crypto bull run in 2024.

When is the Next Crypto Bull Run? Bitcoin Halving

The first scenario is related to the bitcoin halving event. This is a process that occurs every four years, when the reward for mining new blocks of BTC is cut in half. This reduces the supply of new bitcoins entering the market, creating a scarcity effect that increases the demand and value of bitcoin.

Historically, every bitcoin halving has been followed by a significant increase in the price of BTC and a crypto bull run. The next bitcoin halving is expected to happen in 2024, which could be a catalyst for a new cycle of growth and adoption.

Bitcoin Spot ETF: When will Crypto Go Back Up?

The second scenario is related to the approval of bitcoin spot ETF by the US Securities and Exchange Commission (SEC). A bitcoin spot ETF is a type of fund that tracks the price of bitcoin and allows investors to buy and sell shares of it on regulated exchanges.

When will Crypto rise again Next BITCOIN BULL RUN Prediction edited
When will Crypto rise again – Next BITCOIN BULL RUN Prediction

This would provide more liquidity, transparency and accessibility to the crypto bull market, attracting more institutional and retail investors. Several fund management companies have applied for bitcoin spot ETFs, but so far none have been approved by the SEC.

However, there is hope that the SEC will change its stance and start approving BTC spot ETF in the second quarter of 2024, which could boost the confidence and demand for bitcoin.

When Will Crypto Recover?

The third scenario is related to the US Federal Reserve’s interest rate policy. The Fed has been raising interest rates since 2022 to combat inflation and cool down the economy.

This has had a negative impact on the crypto market, as higher interest rates make alternative investments more attractive and reduce the appeal of riskier assets like bitcoin.

However, the Fed has recently signaled that it will slow down its pace of rate hikes and possibly stop them altogether in 2024, due to concerns about the global economic outlook and trade tensions.

This could ease the pressure on the crypto market and create more bullish conditions for a Crypto bull run.

Crypto Bull Market: Bitcoin Price Predictions for 2024

These are some of the factors that could influence the future of bitcoin and the crypto bull market in 2024. Of course, there are also other variables that could affect the price of bitcoin such as regulation, innovation, adoption, competition and sentiment. Here are some BITCOIN PRICE PREDICTIONS for 2024

Cathie Wood$1 million
Standard Chartered$120K
Pantera Capital $148,000
Robert Kiyosaki$100K
JP Morgan$45,000
Tim Draper$250K
Adam Back$100k
source: Twitter

However, based on these three scenarios, we can expect that 2024 will be a year of opportunity and growth for bitcoin and crypto enthusiasts. Some analysts have predicted that bitcoin could reach six figures or even seven figures by 2024 or 2025, depending on how bullish the market becomes. What do you think? Do you agree with these predictions? Let us know in the comments below.

FAQ:-

What is a crypto bull run?

A crypto bull run is a period of time when the price of cryptocurrency and bitcoin increase significantly and reach new highs.

What is a bitcoin halving event?

Bitcoin halving event is a process that occurs every four years, when the reward for mining new blocks of BTC is cut in half. This reduces the supply of new bitcoins entering the market, creating a scarcity effect that increases the demand and value of bitcoin.

When is the next bitcoin halving expected to happen?

The next bitcoin halving is expected to happen in 2024, which could be a catalyst for a new cycle of growth and adoption.

What is a bitcoin spot ETF?

Bitcoin spot ETF is a type of fund that tracks the price of bitcoin and allows investors to buy and sell shares of it on regulated exchanges.

When will the SEC approve bitcoin spot ETF?

There is no definitive answer to this question, as the SEC has not given any clear indication of its stance on bitcoin spot ETFs. However, there is hope that the SEC will change its attitude and start approving BTC spot ETF in the second quarter of 2024, which could boost the confidence and demand for bitcoin.

In conclusion, the crypto market is facing a lot of challenges and uncertainties but also a lot of opportunities and potential. The next crypto bull run could happen in 2024, depending on the outcome of the bitcoin halving, the approval of bitcoin spot ETFs, and other factors that could influence the supply and demand of bitcoin and cryptocurrency. Investors and traders should be prepared for both risks and rewards, and always do their own research before making any decisions.

Disclaimer: This article is for informational purposes only and does not constitute financial, legal or investment advice. Please do your own research before making any decisions. We are not liable for any financial losses incurred.

Utkarsh - CoinFTA
Utkarsh - CoinFTA
Meet Utkarsh, your trusted crypto analyst with over 6 years of experience in the dynamic world of cryptocurrency. Since entering the crypto space in 2017, Utkarsh has honed his technical analysis skills and become a seasoned expert in fundamental and technical analysis. With a passion for uncovering market trends and identifying lucrative investment opportunities, Utkarsh delivers insightful analysis to empower traders and investors. From evaluating crypto projects to exploring the possibilities of the DeFi, Metaverse, NFTs, Web3, AI and blockchain gaming, Utkarsh covers the full spectrum of the crypto ecosystem. Join COINFTA and let Utkarsh guide you through the exciting world of crypto with expertise and precision.
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