The next bull cycle officially starts today - Here is what we can expect in coming months!
Hi everyone,
It's Kamran again and this time I will be talking about the upcoming bull cycle that is said to be triggered after the results of US elections today.
Mr Trump Won and that is something we all know will favor the crypto market. Trump is the supporter of bitcoin and blockchain and that is why people even opened up long positions in the market due to the wave that was telling us that Trump will win the election and that is why we also saw the dip in the price of bitcoin as positions were also closed soon after the data of election started coming out.
Well congrats to the entire crypto community because bitcoin has finally set a new all time high above 75k usdt and that is something where we will not see it stopping.
Now what is next for this bull cycle? Will we see the Alt season or not? If yes when and how we can predict the start of Alt season for this bull cycle?
If you will ask me to monitor one single thing, I will ask you to monitor the bitcoin dominance which has increased over the period of time and which is still not ready to take the down run. So that is the first thing that must happen for the alt season to get triggered.
So, yes alt season will definitely come. We just have to wait for the BTC.D to see the reversal as that will start bringing the money from bitcoin to Ethereum and Alt coins.
Now when will this actually happen? Well we can not tell the exact time but I think we will see that in the first quarter of 2025. That is when the alts will start making big moves of 5X 10X and even more.
So, to conclude I would say that the elections have really favored the market and that we will also see more good things coming in next few weeks and months. I want to see bitcoin close to 90k by the end of this year. What are your predictions?
That's all for this blog.
Thank you