The violent copycat season is expected to start in October 2024
Looking back at the market trends from 2019 to 2022, we can observe some interesting patterns:
In 2020, two months after Bitcoin experienced the halving event, it started the third wave of its main rise.
At the same time, Bitcoin’s market share reached its peak seven months after the halving, in December 2020, and then began to gradually decline.
During this period, the exchange rate of Ethereum also showed a strong upward trend after bottoming out in December of the same year. As the leader of altcoins, its market position has become increasingly stable.
Comparing the market trends of this bull market with that of 2021, we noticed that the pace of this bull market seems to be faster.
Based on this observation, we predict that Bitcoin’s market share may peak in October 2024, six months after the halving.
It is worth mentioning that Ethereum’s spot ETF is expected to be launched in July, which may bring the bottom time of the Ethereum exchange rate earlier.
However, we still need to wait until after October to truly see significant gains for Ethereum, and the altcoin market as a whole.
By then, the violent copycat season is expected to officially begin, bringing abundant opportunities to investors.
More operational strategies will be shared in more detail in the fan group with tens of thousands of fans.
