bullish

Bull Market

Bitcoin

Factor

Crypto analytics firm CryptoCon has confidently shared its predictions for an upcoming Bitcoin bull market, dismissing concerns of prolonged bearish trends or market recessions. According to the firm’s latest analysis, Bitcoin is currently in the middle-cycle correction phase and is poised for significant price growth, backed by a crucial indicator known as the Puell Multiple. 
<h2 id="historical-patterns-indicate-bull-market-ahead">Historical Patterns Indicate Bull Market Ahead</h2> 
CryptoCon highlights that the Puell Multiple, an indicator observed in previous Bitcoin cycles, has shown up just before major bull markets in the past. Notably, this pattern was seen in September 2012, 2016, and 2020, right before the start of Bitcoin’s most prominent bull runs. Despite recent market fluctuations, CryptoCon argues that Bitcoin is on the verge of another rally. 
<img loading="lazy" decoding="async" class="alignnone size-full wp-image-15313" src="https://www.turkishnyradio.com/wp-content/uploads/2024/09/article-about-Bitcoins-upcoming-bull-market-focusing-on-hitting-price-targets-The-image-should-feature-a-larg.webp" alt="article about Bitcoins upcoming bull market focusing on hitting price targets The image should feature a larg" width="1792" height="1024" title="CryptoCon Reveals Two Key Dates for Bitcoin Bull Market 18" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/09/article-about-Bitcoins-upcoming-bull-market-focusing-on-hitting-price-targets-The-image-should-feature-a-larg.webp 1792w, https://www.turkishnyradio.com/wp-content/uploads/2024/09/article-about-Bitcoins-upcoming-bull-market-focusing-on-hitting-price-targets-The-image-should-feature-a-larg-768x439.webp 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/09/article-about-Bitcoins-upcoming-bull-market-focusing-on-hitting-price-targets-The-image-should-feature-a-larg-1536x878.webp 1536w" sizes="(max-width: 1792px) 100vw, 1792px"> 
In a statement, the firm clarified: “Bitcoin’s bull market is straightforward and inevitable. There is no recession, no bear market, no doom and gloom price movement. The stages of the Puell Multiple clearly show that we are in the midst of a mid-upper correction, right before the real bull run begins.” 
<h2 id="halving-cycles-as-a-critical-factor">Halving Cycles as a Critical Factor</h2> 
CryptoCon also emphasized the importance of Bitcoin’s halving cycles in shaping market trends. According to the Halving Cycles Theory, the next “Red Year” that typically signals the beginning of a bull market will start on November 28, 2024, and continue through November 28, 2025. 
With the upcoming halving event and historical indicators like the Puell Multiple pointing toward a new bull market, CryptoCon remains bullish on Bitcoin’s future. Investors and analysts alike are keeping a close eye on these crucial dates, as they could mark the beginning of another exciting period for Bitcoin.

CryptoCon Reveals Two Key Dates for Bitcoin Bull Market

Table of Contents

TNYR

Other articles published on Sep 22, 2024

Exchange : Tether outperforms BlackRock in 2023 with record profits

Top 3 Affordable Cryptos Under $0.12 Predicted for 35x Growth in 2024!

Jerman Tutup 47 Bursa Kripto, Terungkap Layani Transaksi Ilegal

Meme Cryptos Are Breaking Records And Stealing The Spotlight From Bitcoin!

Top 5 Altcoins Set for Monumental Gains – Building 2024’s Hottest Portfolios!

Peter Schiff: Another Reason to Sell Bitcoin (BTC)

Join our free newsletter for daily crypto updates!