The Next Bull Run Cycle For Bitcoin As Predicted By Mark Yusko
Mark Yusko who is crypto hedge fund veteran in an interview gave he’s insight about the current bitcoin market structure and also how it can influence the next bullish run, for bitcoin as the current bottoms for bitcoin has it attaining serval lows in the recent days. In he’s words with the moderators of stanberry’s research has he called the next bullish run “spring”;
“I will argue, and I’ve been arguing this for about ten days or so, and I’m not ready to absolutely call the bottom, but if you go back about a week ago and you watch a podcast I did… I said ‘You know what look, we made three higher lows.’ It hit $17,500, then we went up and we fell to about $18,000-something, then we went up, and then we went down to $19,000, and then we went up, and then there was a number about $20,900, and I said if we break $20,900 we’ll have three higher lows [and] three higher highs. That’s a pretty good bull trend and maybe ‘spring’ will be here.”
Agreeing to the saying that bitcoin is going through various cycles which is a facts has we have witnessed this couple of times in a row. He says that the bottom has already been established as we would possibly witness the next bullish cycle before mid 2024.
“So I will argue that spring has sprung. If you look at the last two cycles, we are the same number of days into that cycle where spring began and winter ended. Spring could last months. We don’t have to have an immediate bull market. Then when we get to summer, that’s when we’ll get the next speculative move and my guess is that will come in anticipation of the next halving in 2024.”
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