Here’s How Long the Current Bitcoin Bull Market Could Last, According to Influential Crypto Analyst
A renowned crypto analyst has conducted an analysis on the potential duration of the current Bitcoin (BTC) bull market. The analyst, going by the pseudonym TechDev, has shared his findings with his sizable following of 434,100 individuals on social media platform X. He hypothesizes that the global liquidity cycle aligns with the patterns seen in previous Bitcoin tops and takeoff points.
TechDev’s examination of past market cycles revealed a consistent spacing of 9-11 bars between blue and red dots on a six-week chart. Extrapolating from this data, the analyst predicts that Bitcoin’s next peak is likely to occur sometime between January and March of 2025.
To gauge global liquidity, the analyst compares the Chinese 10-year bonds (CN10Y) to the US dollar index (DXY). Additionally, TechDev considers the aggregate major central bank balance sheet, which monitors the money-printing activities of reserve banks worldwide, as an important component in understanding global liquidity cycles.
Last week, TechDev informed his followers that the crypto markets could witness a period of “mania” in the near future, drawing upon historical Bitcoin cycles as indicative of what lies ahead. He based this analysis on the supertrend indicator, which generates signals based on price movements relative to previous open or close levels during a specific timeframe.
As of the time of writing, Bitcoin is currently trading at $68,015, representing a more than 7% increase in the last 24 hours. As the top-ranked cryptocurrency by market capitalization, Bitcoin continues to capture the attention and interest of investors worldwide.