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Bitcoin's Mega Bull Season Expected to Start in Q4 2024

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2 hours ago

Crypto analyst EᴛʜᴇʀNᴀꜱʏᴏɴᴀL forecasts the beginning of the next mega bull season for Bitcoin in Q4 2024. In his view, the major corrections are behind, paving the way for a positive trend until 2025.

Analyst's Forecast on Mega Bull Season

In a tweet, analyst EᴛʜᴇʀNᴀꜱʏᴏɴᴀL indicated that the anticipated Bitcoin mega bull season will start in Q4 2024. He suggested increased market activity in Q1 2025.

Historical Bitcoin Cycles

Historically, Bitcoin has been characterized by cyclical price movements, with alternating bear and bull markets. A chart provided by EᴛʜᴇʀNᴀꜱʏᴏɴᴀL highlights these cycles, showing distinct phases of price decline leading to consolidation and eventual bull runs.

Support and Resistance: Current Market Position

Support and resistance levels are critical in understanding Bitcoin's price action. The current consolidation phase, as highlighted by EᴛʜᴇʀNᴀꜱʏᴏɴᴀL, suggests the start of a new bull cycle, similar to previous ones.

EᴛʜᴇʀNᴀꜱʏᴏɴᴀL's projection aligns with past trends, indicating potential significant upward movement in Bitcoin's market value soon.

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