When will the next bull run come?
What is certain now is that the next Bitcoin halving will be in early May 2024. According to experience, Bitcoin will most likely start a bull market 3-6 months before the halving, which means it will start around the first quarter of 2024.
However, this only considers the factor of Bitcoin halving, without considering the impact of other factors.
Now the cryptocurrency world is highly involved in traditional funds, so it will be greatly affected by the traditional external financial environment. For example, this bear market is largely caused by interest rate hikes. According to the global interest rate hike storm, most economists expect the Fed to continue raising interest rates until the first quarter of 2023. And because of the interest rate hike, the economy will enter a recession, which will last until the first half of 2024. It will not enter the interest rate cut cycle until the second half of 2024, and the economy will recover.
At the same time, analysts predict that the US SEC may approve the Bitcoin spot ETF after mid-2023. If the spot ETF is approved, it will undoubtedly give the entire market a shot in the arm.
Finally, web3, the metaverse, and the digital economy are developing rapidly, and will undoubtedly become a breakthrough point for promoting global economic development in the next few decades. Although these do not represent virtual currencies, they are closely related, which is also a strong long-term positive for it.
To sum up, the combination of the halving cycle, the interest rate cut cycle, the spot ETF, and web3 shows that the next bull market in virtual currency will most likely not start until the first or second quarter of 2024.
Several indicators of short-term altcoin opportunities:
SEC extended the review time for ARK spot Bitcoin ETF application. It seems that the remaining Bitcoin spot ETF applications will also be delayed and a unified decision will be made at an appropriate time. However, in the short term, there is no important news affecting the market, and we can continue to play with copycats. In the past few days, I have seen a lot of good stocks:
SOL 24 dollars is a good position to buy some now. Recently, there are a lot of SOL activities. Many projects on the chain are also good, and the line is also OK. I heard that the dealer has changed in the past two waves. You can take a look.
I have bought USTC0.014 three times before, and each time I bought more than 10 points. The team proposed to destroy 800 million USTCs, and the total amount of USTCs is only 9.7 billion. You can buy a first position and pay attention to it. This time you can hold it for a longer time.
Ape’s main force has absorbed funds beautifully on the weekly chart, and it seems that it is also hoarding funds on the chain.
XEN will continue to launch nesting doll activities, and each launch is still very fierce. The Binance system is criticizing it, but we also have to look at the market value. For example, MAV and ARKM already have little circulating market value.
The chips of our VIP group near PEPE 11 are more active than most mainstream coins and are the first choice for the band. If you haven't entered the callback, you can enter it. We plan to hold this coin for a long time.
100x coins worth watching in the second half of 2023:
August: SHIB public chain launched on the mainnet August: CMOBO launched on the mainnet
August 12: Deadline for ARK21Shares
August 14: XFT releases V2 test network August 15: BIFI snapshot
Mid-August: opBNB testnet launched
August 24th 1:00 AM: FTX’s “Comprehensive Hearing” on July 19th
September 01: GNS launches new economics
September: DYDX mainnet launch September: ZEN mainnet launch
October (before the end of the year): Cancun upgrades Early October: BIFI issues new currency
Q3: ASTRA starts burning and changes token economics Q4: Bounce launches financial tools
December 1: SHIB launches Metaverse, good news for dog leash
At the end of the year: FXS will launch the Layer2 network Fraxchain At the end of the year: GMT game GASHERO will be officially launched (using gmt as gas fee)
A few reasons why APE can also be played with
1. The previous low was 1.7, the current price is 1.9, and the stop loss point is about 10%, which is not high.
2. Blockchain games have been quite popular recently. It’s not that the market is getting better, but more people think that blockchain games can bring traffic to web3. This voice has been increasing recently, and some expectations will be formed slowly. On August 17, there was a game made by animoca, which used apemint nft. The circle of hair has spread all over kyc. 200,000 people signed up, and there was a certain purchase expectation for ape.
3. Ape817 unlocked a huge amount of stocks. The pull-up before unlocking was very reasonable, and the retreat route was also clear. One is that the price returns to the previous low, and the other is to retreat before the 17th.
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