Crypto Bull Run 2024: Discover the Anticipated Timing for Bitcoin (BTC) to Reach a New All-Time High
Since the start of the new year, the cryptocurrency market has experienced increased volatility. The imminent decision by the United States Securities and Exchange Commission (SEC) has caused speculation to run rampant in the crypto market.
Furthermore, over the past four days, nearly $1 billion has been liquidated from leveraged trades in cryptocurrencies. However, despite this short-term uncertainty, the initial bullish sentiment that began in the fourth quarter of 2023 is expected to continue for the next two years.
Why 2024 is the Year of Optimism
Renowned economist and Bitcoin trader, MikyBull Crypto, on the X platform, believes that the macro bull cycle is still in its early stages based on fundamental and technical factors. As a result, the crypto analyst argues that Bitcoin (BTC) has the potential to surpass its all-time high (ATH) in the third and fourth quarters of 2024.
Are you prepared for the upcoming altcoin seasons in 2024? Brace yourself, as we are just getting started. Let’s explore some data that suggests we are in the midst of a bull run.
The crypto analyst supports this bullish thesis due to several significant upcoming events, including the Bitcoin halving and the highly anticipated approval of spot Bitcoin and Ethereum Exchange-Traded Funds (ETFs).
It is worth noting that the United States Federal Reserve is expected to make rare interest rate cuts after a series of hikes in recent years aimed at combating high inflation. Additionally, as it is a general election year in the United States, several candidates may pledge their support for the blockchain and digital asset industry to gain voter favor.
Altcoins to Watch Closely
Since the altcoin market is expected to outperform Bitcoin in the current bull cycle, MikyBull Crypto suggests closely monitoring Layer Twos, Layer Ones, AI-focused cryptocurrencies, Gaming and Metaverse digital assets, and perpetual DEX tokens.
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Altcoins
Bitcoin
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