Over the past two years, the cryptocurrency market has been gripped by a relentless bearish trend, but for those who’ve weathered this storm, the prospect of the next two years potentially heralding a cryptocurrency bull run is a well-deserved reward. I recently shared this thought on social media, and now I want to delve deeper into this idea, using the Bitcoin chart as a guide. It’s important to note that this concept isn’t limited to Bitcoin; it applies to the entire crypto market, including assets like Cardano (ADA). While the crypto landscape may seem complex and uncertain right now, there’s a simple pattern emerging.
When we analyze the historical data and market cycles, especially focusing on Bitcoin’s halving events, a compelling narrative emerges. The next Bitcoin halving is expected in the spring of 2024, which aligns with previous patterns. To put things into perspective, let’s consider the last two bull markets. Bitcoin’s previous all-time high occurred almost two years ago, in November 2021. If we count approximately 730 days (two years) from that point, we arrive at November 2023. This timing is crucial because it often marks the beginning of a new bullish phase. Interestingly, this timeframe coincides with what many consider to be the potential bottoming period of the crypto market. It’s important to note that while September might historically be a challenging month for crypto, October often brings positive momentum.
Now, let’s look at Cardano (ADA) as an example within this broader crypto context. Just as Bitcoin tends to follow these cyclical patterns, ADA may exhibit similar behavior. If ADA follows a pattern where it bottoms out around the end of this red box, it could pave the way for substantial growth, similar to what we’ve seen in previous cycles. The key takeaway here is that while there are no guarantees in the crypto market, analyzing historical data, understanding market cycles, and considering macroeconomic factors can provide valuable insights. We’re potentially approaching a critical juncture, and mentally preparing for the next two years, which could bring renewed optimism and opportunity to the crypto space, is essential. Your insights and thoughts on these matters are highly appreciated, so please share them in the comments.
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Intro 00:00
Fear is everywhere in crypto 00:30
The timeline 1:10
The bottom of the bear market 3:30
Cardano data 7:30
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*Crypto Capital Venture does not guarantee or make any representations or claims to any particular amount of staking rewards that you will earn through delegating your Cardano. Any return that the protocol disburses to you is decided by the protocol. You are not investing your Cardano with Crypto Capital Venture. Delegating to a Crypto Capital Venture stake pool does not involve transferring or legally assigning the Cardano or the rights thereof. Crypto Capital Venture simply serves as a validator and provides community members a way to delegate to the Cardano Protocol consensus mechanism. All staking percentage rates and all rules and parameters are decided by the Cardano protocol.
*The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.
Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.
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