Crypto billionaire and actor Brock Pierce has argued that a Bitcoin (BTC) bull market is likely underway, which could see it reach new all-time highs.In a new interview with CNBC, Pierce said that every time the largest digital asset by market capitalization has a real bull market, it "jumps over the top" and sets a record in terms of price."If you look at the historical cycles, you know when we end up going into one of these real bullish periods, and this looks like Christmas come early… I think this is the next [bullish period], and every time we're in in one of these bullish periods, we do find historical highs… So will we get to $150,000? I have no idea, but is it possible? Definitely. And it is also possible to find ourselves in a downfall again…"Pierce, who co-founded Tether, went on to say that over the past decade, US regulators have prevented many US investors from building wealth by continually rejecting exchange-traded funds (ETFs) for the BTC spot market.He argues that ETF approval is overdue and contributes to the current excitement around Bitcoin:"Attempts to do so have been going on for a decade. If the ETF had been made available to the American people when Bitcoin was at $100 or $200, how much wealth would have been created for the American people? The regulators in this case prevented the American people from benefiting from this incredible period of wealth creation and it ended up mostly in the hands of international companies."#BinanceTournament #BitcoinEducation #BTC

In my previous article (link), I questioned the notion that halving is the catalyst for Bull Runs. I then posed two key questions that I committed to explore from a new angle:
Is halving truly the trigger for Bull Markets, or is the correlation between halving and the start of Bull Markets just a coincidence?Are we on the threshold of a new bullish market, or are we simply witnessing artificial hikes orchestrated by institutions to catch us off guard?
Let's examine these questions from a technical perspective.
First, what is a Bull Run from a technical point of view?
A Bull Run, or bullish market, is technically characterized by an upward trend on a Monthly chart. On the monthly chart of Bitcoin shown below, we have isolated the Bull Runs of 2016-2018 and 2020-2022 to illustrate the behavior of Japanese candlesticks during these periods, as well as during Bear Markets. The surges are marked in green and corrections in red, thus offering a clear view of the trend. You will observe that during the Bull Market, the trend is significantly bullish, and during the Bear Market, it is clearly bearish. This analysis offers us a perspective independent of halving, based on the fundamentals of a trend to anticipate a Bull Run.

The Halving and the Bull Run
Halving, an event that occurs every 210,000 blocks (approximately every four years), cuts the Bitcoin reward given to miners in half. With the growing adoption of cryptocurrencies, one might easily think that halving favors the increase in prices due to the law of supply and demand. While this is not untrue, the crucial question is: Is halving the triggering element of Bull Runs? The answer is no.
Let's take a look at the Bitcoin chart since the end of the last Bear Market.

Currently, Bitcoin has recovered more than 50% of its drop incurred during the last Bear Market. By analyzing the different surges and corrections, it can be seen that since its low at $15,000, the bullish movements are significantly longer than the bearish ones; in other words, the price forms higher peaks and troughs; which is the technical definition of an upward trend. This phenomenon is also observable with Ethereum. Therefore, if we define a Bull Market as a monthly upward trend, Bitcoin has theoretically started a new bullish cycle and, consequently, a new Bull Market. This trend is also reflected in altcoins, even though the next halving is still four months away. This reinforces the idea that halving is not the direct cause of Bull Markets.
In conclusion, a Bull Run can start before or after the halving of Bitcoin; it depends on several factors.

The Halving in the Context of the Bull Run
Although halving reduces miners' rewards, thus influencing supply and demand, this reduction does not constitute a Bull Run in itself. Halving is rather one of the fundamental elements that support the long-term bullish trend of Bitcoin, alongside its adoption and other factors influencing demand. It contributes to a long-term trend, where Bull Runs are considered surges and Bear Markets are corrections.
The cryptocurrency market, like all financial markets operated by humans, follows the theory of market cycles. This is the real reason why we observe bullish and bearish markets.

Thank you for reading! Your feedback is very important to us. If you enjoy our analysis, please show your support by liking, sharing, and leaving a comment. It costs nothing, but it greatly motivates us to create more high-quality content for you.
#BTC #BitcoinEducation #Bullrun #BinanceTournament

As a first time user I’ve earn so much from bitcoin pump not knowing there’s something called volatility, around sometime in 2017, Bitcoin dump from 20k plus to around 8k in less than a week, I got my 2 million turned to 800 thousand, I was losing myself, I became sad, thinking that I have achieved a lot in my life but this is taking it from me. But I didn’t stopped my trading, but it came to time when I cannot guess the move of the market like I always does, so I have to quit trading for doing a physical trade, in 2021, I felt like I make a great mistake quitting because quitter is the loser, so I started trading again, I am not making it big yet but I have never felt this better in the past 4 years.I never thought there would be a day I’ll stop learning, learning gives lives. #BitcoinEducation #motivational M.O