As bitcoin costs float over the $55k region, various associates wonder when the bull run will end. Bitcoin advocates have influenced bull markets to have three waves and another flow may start soon. However, despite a diversity of mechanisms being used like tarot cards, no one is truly sure what will happen with bitcoin and crypto markets next.
Counting Down the Days- Guesstimating Bitcoin Bull Runs
Bitcoin enthusiasts are nevertheless very assured about the price of the preeminent crypto asset and many believe the bull run is not over. Tradesmen and those who are remarkably curious about short-term price fluctuations have been leveraging many tools to predict the future price of BTC. Tools and graphs utilized include the stock-to-flow (S2F) model, logarithmic growth curves, golden ratio multiplier, HODL waves, profitable days and so much more.
For instance, the popular Twitter account Bitcoin Archive tweeted about realized cap HODL waves and shared an image from Glassnode’s platform to his 184,000 followers.
“‘Hot money’ has cooled down and we can see a nicely formed 1st HODL wave (realized cap). Bitcoin bull markets typically have 3 waves— so await another one to start soon,” Bitcoin Archive said. Following the tweet, the report Cryptovizart responded to the tweet and said the three-wave pattern was not happening like two previous cycles. Cryptovizart believes that institutional FOMO caused the first wave to last longer.
Trends further show a popular question on Google is “How long does a Bitcoin bull run last?” and there are many editorials that cover this subject. On April 12, 2021, Rekt Capital published a comprehensive editorial on when the top will come. Rekt Capital says a typical bitcoin bull run lasts around 518 days.
There is no specific mathematics or verse and reason when it comes to the future price of bitcoin. There will nevermore be a tool that divines markets absolutely, but we can ensure market members will always try to predict the future using anything they can to get ahead.
What do you think about all the models and charts people use to measure the beginning and the end of bitcoin bull run cycles? Let us know what you think about this subject in the comments section below.