Everyone has been asking or want to know when the next bull run will come, also there have been many predictions about it and we know the crypto market is not something one can predict accurately. The last time the crypto market experienced a massive bull run was 2021 when bitcoin hit an ATH of $69,000 and since then it has been struggling to climb pass $35k.
Asking chat GPT if there’ll be a bull run before the end of 2023 or 2024 is something one would do because it’s an AI that gives nearly accurate answers to whatever you are looking for so asking it is doing no harm but what will the answer be? Is it going to be first quarter, second quarter or third quarter?
However, Chat GPT couldn’t give an accurate or exact answer but what they could give is that there’s a possibility of bull run because there will be bitcoin having that has been scheduled to happen in spring 2024 and that’s around March and when this happen it might trigger a bull run.
When there’s bitcoin halving, it reduces the total supply of bitcoin making it scarce and rare, making the price rise. Just like in the law of supply and demand, when the demand of goods exceeds the supply the price of that goods tends to increase. So when bitcoin halving occurs, the supply has been reduced and when there’s high demand for bitcoin it will make the price high thereby possibly creating a bull run.
The last time bitcoin halving occurred was May 2020 after that we all saw what happened, bitcoin triggered an ATH of $69k. If the next halving occurs, is it going to stop at $69k again or hit another ATH?
Can we all now say the long awaited bull run is coming and accumulate more coins or HodL so we don’t miss out on it or we should just assume it’s another prediction and continue to glide in on the fluctuating market.
Posted Using InLeo Alpha
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