We know that Uptober is one of the months that usually crypto has good performance in general, but so far we just saw 2 small BTC pumps that lasted a couple of hours. Don't need to be anxious because is not bull run time yet.
The next crypto bull run is probably not going to start soon, at least we need to wait a year from my point of view, my guess is 2024 Q4 or 2025 Q1. Here are a couple of reasons why:
- The economy is in a bit of a mess right now, with high inflation and rising interest rates. This makes people less likely to invest in assets crypto included, we can see the trading volume hit the lowest in 4 years last month
- Governments are still trying to figure out how to regulate crypto. Until they have a clear plan, big investors are going to be hesitant to get involved, this is why BTC ETF on spot is very important if we want to see a "pre-bull run" in the coming months
- People are still a bit scared of crypto after the recent market crash. It may take a while for them to trust it again.
- Bitcoin's halving event isn't happening until 2024. Most of people believe that this event is the main catalyst for bull runs, so until then, prices may stay low.
Meanwhile, remember to don't invest more money than you can afford to lose, and for now, until the prices keep low and crabbing, DCA is the key to accumulating more and more, remember that for each $100 you invest now, you might see $200-300 profits during the bull run.
What are your thoughts? When do you think the next bull will start?
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