In recent years, Bitcoin has captured the imagination of investors, tech enthusiasts, and the general public alike. With its revolutionary blockchain technology and the promise of decentralised finance, Bitcoin has become a household name. However, the cryptocurrency market is notoriously volatile, and predictions about its future are often fraught with uncertainty. As we stand in 2024, many are asking: is the next Bitcoin bull run postponed to 2025?
Understanding Bitcoin Bull Runs
To delve into this question, it’s essential to understand what a bull run is in the context of Bitcoin. A bull run refers to a period when the price of Bitcoin rises significantly over a short period. Historically, Bitcoin has experienced several such bull runs, often followed by periods of consolidation or decline. These cycles are influenced by a myriad of factors, including market sentiment, regulatory developments, technological advancements, and macroeconomic trends.