When Will the Bull Market of the Currency Market Come? (How Many Phases in the Cryptocurrency Bull Market)

08/16/2023 07:20 • NFT Newsflash • 95 views

When will the bull market of the currency market come? When will the bull market of the currency market come?

When will the bull market of the currency market come? The price of Bitcoin has risen from $9,000 to $12,000. In the past month, the price of Ethereum has increased more than 100 times, while Ripple has also risen by 400% during the same period. Now it is already entering 2019, and the cryptocurrency market in 2019 is gradually becoming active. In 2019, Bitcoin and Ethereum have both fallen by about 10% and 20% respectively.

The Bitcoin halving in 2018 showed a trend: after the price broke through a new high, it ushered in a sharp decline. Many people thought that this might be a turning point for Bitcoin bear market, but the fact proved otherwise. The continuous highs followed by pullbacks indicate that the current market is in a phase of adjustment. However, it can still be observed that although the recent market fluctuations are not significant, there is still a great opportunity for a new round of rebound.

In early 2017, many investors believed that this year would be crazy, so they chose to enter the market. However, it was not until today that Bitcoin truly skyrocketed. At that time, no one believed that Bitcoin would definitely succeed. Because they tried their best to transfer funds to exchanges or investment projects to ensure the security of their assets. But later, the situation changed and a new group of investors emerged, all attempting to buy and hoard Bitcoin. Therefore, Bitcoin has always been seen as a means to combat inflation. After 2018, due to the worsening global financial environment and the uncertainty of government regulatory policies in various countries, many traditional institutions and individuals have fled the digital currency field.

So what stage comes next? The answer is a significant upward movement of Bitcoin followed by a large-scale sustained decline; the significant upward movement of Bitcoin has made it a very powerful safe-haven tool, even a safe-haven strategy; while other mainstream coins are highly sought after by the capital market.

How Many Phases in the Cryptocurrency Bull Market

According to coindesk news, there are several phases in the bull market of the cryptocurrency market. In the first phase, after the price of Bitcoin reaches its all-time high, there is a pullback; in the second phase, the price breaks through a new high and then starts to decline, entering a bear market. From this time cycle, the bull market in the cryptocurrency market is divided into four different periods: 2011, 2013, and 2014. In 2019, most of the bull market will occur after institutional entry; after 2015, many project parties entered, such as the leading projects in the DeFi field like COMP, AAVE, and SUSHI, which are the results of large capital entry.

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