0%
When will Bitcoin See a New All-Time High? And when can we see an end to the Bear Market?

When will Bitcoin See a New All-Time High? And when can we see an end to the Bear Market?

At the time of writing, Bitcoin's (BTC) price is trading 51.42% below its all-time high, and the whole crypto market has been in slow decline. As a result, there is a lot of uncertainty right now, and many investors are now asking when this vicious bear market will end, and we will see a new all-time high.

Crypto Bear Market Cycles

Previous crypto market cycles can help us estimate roughly when the current bearish trend has the highest probability of ending and when a new bull market will begin. For example, the last cryptocurrency bear market lasted about 2.5 years, as, after 2.5 years, we had a new high price.

Two and half years measured from the November 2021 peak brings us to March 2024 as a possible time to declare the end of the bear market. This means that we could expect a new all-time high around that time. The next halving event is expected to occur around May 2024, which falls in line with the past cycles.

Bitcoin Halving Cycle

In the long-term, Bitcoin seems to follow a 4-year cycle, also known as Bitcoin's 4-year halving cycle. During each halving event, the number of Bitcoins awarded to miners in each block is cut in half. One of the most fundamental concepts of economics is that if the supply of something is restricted and the demand for it stays the same or increases, then its price rises.

This is one of the main reasons why the Bitcoin price tends to recover after each halving event. For example, after the third halving event in May 2020, Bitcoin ended its bear market and went parabolic afterward.

If history is to repeat again and Bitcoin continues to follow its 4-year halving cycle, the next parabolic bull run can happen as soon as 2024.

Bitcoin’s price influence on other crypto

There is no doubt that Bitcoin is having a significant impact on the prices of other cryptocurrencies. Since Bitcoin is the first and most well-known cryptocurrency, its price is often used as a benchmark for other currencies. When Bitcoin prices are high, other cryptocurrencies tend to follow suit. This means that if you're looking to invest in another crypto, it's important to take into account Bitcoin's current price levels.

Bottom line: If the numbers are correct and the bear market could end in March 2024, there are still ways to trade and make a profit. We have written a blog about how you can manage this. You can check the blog down below.

Cryptocurrency Bear Market: Strategies of a Smart Investor

bear market trading
bear market trading

The cryptocurrency market has gone through several bull and bear cycles in the decade since its inception. Savvy investors leverage both these cycles to optimize their investment portfolio, rather than letting their emotions and gut reactions guide their investment.  In this article, we review key strategies that savvy investors use during a cryptocurrency bear market cycle.

Read the blog here.

Inbox Image

Newsletter

Get the weekly email with exclusive crypto analyses and news worth reading. Stay informed and entertained, for free.

Related Articles

Bot Trading 101 | How To Apply a Scalping Strategy
#Automated trading strategy#Strategy designer#EMA+3 more tags

Bot Trading 101 | How To Apply a Scalping Strategy

Cryptocurrencies | BTC vs. USDT As Quote Currency
#Bitcoin#crypto trading#crypto trading tips+2 more tags

Cryptocurrencies | BTC vs. USDT As Quote Currency

Technical Analysis 101 | What Are the 4 Types of Indicators?

Technical Analysis 101 | What Are the 4 Types of Indicators?

Bot Trading 101 | The 9 Best Trading Bot Tips of 2023
#crypto trading#trading bot#crypto trading tips+2 more tags

Bot Trading 101 | The 9 Best Trading Bot Tips of 2023

Start trading with Cryptohopper for free!

Free to use - no credit card required

Let's get started
Cryptohopper appCryptohopper app

Disclaimer: Cryptohopper is not a regulated entity. Cryptocurrency bot trading involves substantial risks, and past performance is not indicative of future results. The profits shown in product screenshots are for illustrative purposes and may be exaggerated. Only engage in bot trading if you possess sufficient knowledge or seek guidance from a qualified financial advisor. Under no circumstances shall Cryptohopper accept any liability to any person or entity for (a) any loss or damage, in whole or in part, caused by, arising out of, or in connection with transactions involving our software or (b) any direct, indirect, special, consequential, or incidental damages. Please note that the content available on the Cryptohopper social trading platform is generated by members of the Cryptohopper community and does not constitute advice or recommendations from Cryptohopper or on its behalf. Profits shown on the Markteplace are not indicative of future results. By using Cryptohopper's services, you acknowledge and accept the inherent risks involved in cryptocurrency trading and agree to hold Cryptohopper harmless from any liabilities or losses incurred. It is essential to review and understand our Terms of Service and Risk Disclosure Policy before using our software or engaging in any trading activities. Please consult legal and financial professionals for personalized advice based on your specific circumstances.

©2017 - 2023 Copyright by Cryptohopper™ - All rights reserved.