📊 The Bitcoin bull market could resume within the next 22 days, based on historical cycles and current data, according to WeRate co-founder Quinten François.
📈 In his observations, the average Bitcoin cycle begins approximately 170 days after the halving, with a peak forming 480 days later.
As of September 15, it has been 147 days since the halving.
📉 CryptoQuant CEO Ki Young Ju highlighted $62,000, $55,000, and $43,000 as key levels for Bitcoin.
These represent the average coin cost for various groups of investors and serve as important psychological and technical markers.
Will we see a bull run in 2024?
The current crypto market is raising some serious concerns:
— Most altcoins are at their lowest points this year.
— $ETH is rapidly losing ground to $BTC.
— New projects are struggling, with meme coins being the only category performing well.
There's a rise in uncertainty and doubt within the community, with many wondering, "Are we back in a bear market?"
We tackle this and more in our latest article. Spoiler: there’s still hope 🚀
👉 Cryptorank.io
PS: You can read my other related crypto post below
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