CRYPTO CURRENTS FALL EDITION: Are We Headed For A Crypto Bull Run In 2022?
Will there be a crypto Bull Run In 2022?
The first mini bull run in Bitcoin was over a decade ago and created the first ever BTC Whales!
Many who invested modest amouts of money, saw their investment moonshot like crazy taking millions of middle-class citizens into wealth… At that time, no broker or bank dared advise people to purchase crypto, so only the truly adventurous waged their small fortunes. In order to predict, the next Bitcoin bull run and see if we will see one in 2022, let’s review Bitcoin bull run history! P.S I’ve LEFT Both Binance & Bitsgap and I’ll explain why in my next blog… I’m now with Coinrule – stay tuned in my next piece to find out why!)
The first recorded Bitcoin”bull run” occurred in April 2011
When the price of Bitcoin increased by 3,000% in three months. After reaching $1 in April 2011, the coin skyrocketed to $32 in June. This price increase, however, was short-lived, as the price returned to $2 in November.
2012 / 2013 Bitcoin Bull Run
The price rose from $13 to $30 in the first few months following the halving. By April, one Bitcoin trade had reached its all-time high of $100, piquing the interest of curious outsiders… Bitcoin had broken the $1,000 barrier by November, twelve months after the initial halving. Unfortunately, this was only temporary, as the price plummeted to around $530 a month later…
2012 / 2017 Bitcoin Bull Run
The next bull run occurred in July 2016, when the price was around $600. After years of fluctuating between $100 and $900, the Bitcoin price finally reached $1,000 in January 2017, six months after the bull run began. By mid-May, the price had more than doubled to $2,000, and by December of that year, it had soared to a whopping $19,000!
2017 / 2019 Bitcoin Bull Run
The crypto industry began to take off as a result of media coverage and a sharp rise in bitcoin’s price. Thousands of altcoins were created as international diplomats, governments, mathematicians, economists, technology professionals, and financial experts debated cryptocurrency regulation and mainstream adoption. During this time, Bitcoin’s price moved sideways, with a few minor spikes. The highest peak was around $17,527 in January 2018. In December 2018, the lowest drop was around $3,236.
At the end of 2019, the price of bitcoin was around $7,200.
2020 Pandemic Strikes Bitcoin
When the coronavirus pandemic slowed the economy and raised concerns about inflationary pressures on the US dollar, Bitcoin’s price began to accelerate its upward trend. Bitcoin’s price had increased by more than 300% since January by December 2020. The year ended with a price of around $29,374 — Setting a new historical high.
2021 Until NOW
Bitcoin doubled its value in 2021, but experienced a significant drop in January 2022, wiping out almost all of the previous year’s gains. Bitcoin reached an all-time high of over $64,000 in the first half of 2021, only to fall back below $30,000 over the summer. Bitcoin reached an all-time high of over $68,000 in November, but had fallen below $35,000 by January 2022. For day trading, this volatile atmosphere was a side-grid bot’s dream! Bitcoin approached $50,000 in March, but fell short and has since been on a downward trend, hovering around $20,000 throughout the summer. Bitcoin has increasingly tracked the stock market in recent months, and as a result, it has struggled alongside it in the face of high inflation, rising interest rates, and decreased investor confidence.
How Are Eperts Weighing In?
-Our financial analysts at my crypto school THE PLAN believe Bitcoin’s next bull run will get it to $100,000 or more, but they are not sure when that would happen. There was hope for a potential bull run in the Spring, but the Ukraine war as well as regulatory obstcles in the US has partly halted that progress.
-A former head of risk at Credit Suisse believes the next crypto bull market will stem from “regulatory clarity” in the United States, which he expects to happen in early 2023. Source: Cointelegraph.
-On June 7, Richard Knight — a crypto analyst — published a Medium article about the implications of the fourth Bitcoin Halving. Knight expects that we will see a continued downtrend in the market until early 2023, with the next bull run being in May of 2023. Additionally, Knight predicts we would see the market bottom around November or December of 2022. Source: what Investing.com
What do I predict? I can see already BTC pairs starting to look bullish and many like OAX and VGX are bringing in some of the best bot profits I have seen yet – so I think that Bitcoin may have a mini bull run in October / November but that likely the coin will not surpass $60,000 without the halving and expected run by Richard Knight in May 2023. Time will tell! Check out my Bitsgap AI Day trading crypto bots and see if any of these BTC pairs are a good fit for you! Remember to DYOR.
My trusted crypto resources at a glance:
The Plan – Dan Holling’s Crypto school – This is a great school for high-risk appetites and people who have $ to burn.
Customer Stories – Previous students from The Plan
Free Webinar Replay – Last FREE Webinar replay to get the idea
Newton – for purchasing crypto from Canada (user friendly, fast and low rates)
Coinbase – Best smartphone APP- but high purchase fees
Coinrule – FREE Starter plan and tons of Profitable trading templates with Stop-loss for every kind of trader. (Current Fave for 2024 so far..)
Bitsgap – Day Trading AI, side-grid trading. Trades volatility -High risk, High Resturn
Remmeber that I am not an authorized broker or financial analyst and that this is just speculative advice from my past success and research. Please DYOR (do your own research) before purchasing or trading cryptocurrency.
