The bull market has actually started quietly, and countries around the world have gradually implemented loose policies; however, unlike the surge in the last round of bull market, the pace of this release is different.
In 2020, in response to the impact of the epidemic, the Federal Reserve cut interest rates by 150 basis points in just one month, and countries quickly followed suit.
This round of operations led to a rapid rise in Bitcoin, which rose to $65,000 in half a year, a 20-fold increase.
Subsequently, due to the cessation of water release, Bitcoin rose slightly to $69,000 at the end of the year, basically the same as the high point in April.
This round of cycle shows a trend of slow water release.
It is expected that the interest rate will be reduced by 200 basis points in the next six months, instead of falling to a low point as quickly as in 2020.
Therefore, this round of bull market is more like 2017, and it will be a process of continuous rise.
At that time, the rise lasted for a year and a half. From March to September this year, the currency circle performed mediocrely, mainly because the Federal Reserve has not yet cut interest rates and the market lacks incremental funds, resulting in sideways trading.
However, now major economies such as the United States, China, and Europe (except Japan) are gradually moving towards quantitative easing, and with the approval of the Bitcoin ETF, a bull market is brewing.
In the short term, if Trump takes office again in early November, it may become a flashpoint in the market. The currency circle needs such stimulation. Bitcoin is expected to break through the previous high and directly rise by 20%. Pay attention to the public account: Crypto Recorder is expected to hit $100,000 by the end of the year.
