Recent Crypto Rally Not Convincing Enough To Call for New Bull Run Yet, Says Analytics Firm Glassnode

Justin crafts insightful data-driven stories on finance, banking, and digital assets. His reports were cited by many influential outlets globally like Forbes, Financial Times, CNBC, Bloomberg, Business Insider,,, Reuters, among others. Previously, the investor had cited the $100,000 mark as Bitcoin’s ideal next record high by 2022 Q1. The event is considered highly bullish since it reduces the speed at which new coins are produced. At the same time, if the demand remains the same or increases, basic economic principles dictate that the asset’s value should rise as well. Mark Yusko – an American investor and CEO of Morgan Creek Capital Management – believes bitcoin will enter its next bull run sometime in 2024.

  • According to the Crypto Fear & Greed Index, the overall market sentiment is now in the “Fear” zone.
  • Although some major companies such as crypto exchange Coinbase have gone as far as rescinding offers at the last minute, many are still hiring.
  • needs to review the security of your connection before proceeding.
  • A bull market or bull run is often defined as a ripe market period when the prices of a certain asset are on a constant rise.
  • The next step is to start the game development and beta testing.

All taxes are collected and divided evenly between token holders, while a smaller chunk is used to improve the liquidity pool. So if you invest in DeFi Coin and become a long-term holder, you will get more tokens as a reward. The DEFC token is already available for swapping on the DeFi Swap Exchange, Pancakeswap, and other markets. It’s the native coin on DeFi Swap, a decentralized exchange platform that offers various interest-based services.

When that massive drop occurred for almost every cryptocurrency, around the 19th of May this year, there was panic all over the place. A failed bullish cross was the one right before the COVID crash. However, you never trade solely on a bullish EMA cross because it is not guaranteed if the number goes up from here. On the 19th of August, a bullish cross appeared in these EMA’s. A bullish cross is when the last EMA does a bull cross and they are lined up 21, 50, 100, and 200 from top to bottom. As we speak, Bitcoin is making HH’s & HL’s and is about to reclaim the broken demand zone.

COIN Best Seat in the House for a Crypto Bull Run

Make your selling decisions based on data, not on emotion or on advice from social media. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. Bitcoin’s price bullish potential has been capped by macro-economic factors, the collapse of major crypto companies and ecosystems, and an increase in selling pressure from BTC miners.

crypto bull run

As such, an investor would then typically enter bull investor mode at the bottom of a bear market. They also tend to be shorter-lived, lasting only between a few days to a month. But investors are holding out hope that the shakeout over the past few weeks is nearing its end, says Marcus Sotiriou, a market analyst at digital asset broker GlobalBlock. Crypto prices are pushing up as investors begin to feel more bullish toward the crypto market, thanks partly to the recent rally in stock markets across the U.S., Europe, and Asia, he says. Cryptocurrencies, particularly bitcoin, have been tracking closely with the stock markets since the start of the year. So, the question a lot of people ask is, how do you determine if it’s a crypto bull or bear market?

Was the Market top Achieved, Bitcoin May not Reach ATH in the Next 2-3 Years!

Whichever factor will lead to the return of the crypto bull market, the coins themselves will be behind the surge. While the overall price of Bitcoin has increased year on year, there have also been massive fluctuations. Presently, we are witnessing a bear run, but, as you should know by now, markets move in cycles. All bear runs are followed by bull runs, which is precisely what so many Bitcoin maximalists have been saying throughout BTC’s turbulent swings in value. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

When armed with the right knowledge, experience, and trading tools such as crypto trading bots, the seasoned crypto trader will be well-equipped to weather bear markets and profit from bullish ones. When thinking about which cryptocurrencies will go up in 2022, we also have to consider the role of a few key investors. Typically referred to as “whales,” these investors possess a disproportionately large holding of a particular cryptocurrency relative to other investors, making them capable of triggering a bull run.

A period of controlled selling has kick-started and is currently approaching short-term support levels. A minor relief rally might occur – before the next leg down to inefficiencies and liquidity. The current down move has broken significant levels that could trigger a massive sell-off in the future. Based on on-chain data, Bitcoin is currently in the accumulation phase, and indicators like market value to realized value and long-term moving average crossovers signals are positive signs for a rally in the asset.

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