Over the last year there's been many analyses on whether we have bottomed or if there's still more to fall. In this analysis I want to take a look at the next BTC bull-run and what we can expect from it, assuming that $15,500 was the bottom.
As seen on the chart, chances are that we're going to see a massive bullish move happen over the next two years or so. It's still too early to talk about a potential top in 2024, but I'd wager it will be above 100k.
Sadly enough, we're in for a long period of mostly low-volatility sideways price action. My best bet is that this dull market will take place during 2023, potentially even during Q1 of 2024. On the other hand, this dull market is a great period of accumulating the token which you think will have the greatest prospects for the next bull-run. Whether is BTC, ETH or your favorite alt, invest and keep it till the end of 2024.
So, what can we expect?
- Boring market in 2023, great accumulation phase
- Great market in 2024, kickstarted by the halving in April.
- Don't sell your tokens too early.