Next Crypto Bull Market – BIG News!

The Ups and Downs of the Crypto Market: What’s Next?

Hey guys, welcome back! Now, with the ups and downs of the crypto market, it can be hard to know what is coming next. One day, we shoot up and the bull market is back, then next, it’s a crash and it’s all over again. And then rinse and repeat. So, in this article, we have some very important things to cover, including where we are in this market cycle, how high crypto prices could be going in the next cycle, and how low they could be going in the next few months. We’ll also do a reminder that Red Timber has now just started, and finish up with the biggest developments that have happened in just the last couple of weeks. So, let’s dive in!

Where Are We in the Four-Year Cycle?

With the crypto market being so volatile, it’s hard to know where we are in the four-year cycle. So, let’s take a look at where we are in this cycle. This chart shows the multiples from the very bottom to the top, centered around the halving. In the first cycle, Bitcoin went up over 200x. In the second cycle, it reached 100x. In the third cycle, it reached 20x. So, based on this pattern, a likely scenario for the next cycle is Bitcoin reaching around a 5x multiple, briefly piercing the 10x mark. This would mean Bitcoin hitting around $150,000. As for the market bottom, it’s quite likely that it will go below $25,000, possibly even below $20,000. Dropping below $15,000 is less likely but still a possibility. So, it’s important to keep these numbers in mind and have a plan for both directions in the market.

Welcome to Red Timber

As we’re just entering September, it’s important to note that historically, September has been the worst month for Bitcoin and crypto. So, it’s quite likely that there will be some big drops coming this month. Taking an average of the last pre-halving years, Bitcoin is likely to go around $24,000. So, for those looking to accumulate Bitcoin, a sub $25,000 price range could be a good opportunity. Welcome to Red Timber!

The Biggest Developments in the Crypto Market

Now, let’s cover the biggest developments that have happened in just the last couple of weeks. These developments indicate that the next bull market, when it really kicks off, is going to be the biggest one yet.

1. Mainstream Media Integration: Big news websites like CNBC are now showing ticker symbols for crypto and digital assets. This integration into the mainstream media and financial system is a significant step towards mass adoption.

2. Ethereum Futures ETF: ARK Invest and 21 Shares have submitted for an Ethereum Futures ETF. With a flurry of Bitcoin ETFs expected to go live in the next 6 to 12 months, Ethereum is next on the list. Multiple Ethereum ETFs have been submitted for approval at the SEC, signaling positive news for Ethereum.

3. Ethereum on Corporate Balance Sheets: OnlyFans, a successful company catering to adults, has added Ethereum to its balance sheet. This shows that it’s not just Bitcoin that companies are adding to their corporate balance sheets, but also Ethereum.

4. Bitcoin Lightning Payments: Coin Corner and Lolly in the UK are introducing Bitcoin Lightning payments on their terminals. Lolly specializes in technology for the hospitality sector and has big customers like Sky, Disney, and BMW. This rollout of Bitcoin payments is a positive development for the adoption of cryptocurrencies.

5. Crypto Services License in Hong Kong: Another bank in Hong Kong has obtained a license for crypto services. This showcases the increasing adoption of cryptocurrencies in different parts of the world, despite the US’s anti-crypto policies.

6. SEC Enforcement Action: The SEC has taken enforcement action against the use case of NFTs. However, even within the SEC, there are dissenting voices. Commissioner Hester Pierce has criticized SEC Chairman Gary Gensler, highlighting the importance of upholding the principle of liberty in the United States.

7. Elon Musk’s X: Elon Musk’s company X has been granted a new state license for currency transmission. This approval allows X to custody, transfer, and exchange digital currencies. Something big is brewing with Elon Musk and X, and it’s likely to coincide with the next big bull market in 2024.

Frequently Asked Questions (FAQs)

Q: What is the current state of the crypto market?

A: The crypto market is currently experiencing volatility, with ups and downs. It’s hard to predict the exact state of the market, but based on historical patterns and indicators, we may be in an early stage of the bull market.

Q: How high could crypto prices go in the next cycle?

A: Based on the four-year cycle pattern and historical data, a likely scenario is Bitcoin reaching around a 5x multiple, briefly piercing the 10x mark. This would mean Bitcoin hitting around $150,000.

Q: How low could crypto prices go in the next few months?

A: It’s quite likely that Bitcoin will go below $25,000 in the next few months. Dropping below $20,000 is also a possibility, but less likely. Going below $15,000 is unlikely but cannot be ruled out entirely.

Q: What is Red Timber?

A: Red Timber refers to the month of September, which historically has been the worst month for Bitcoin and crypto. It’s important to be aware of potential big drops during this month.

Q: What are the biggest developments in the crypto market?

A: Some of the biggest developments include mainstream media integration of crypto ticker symbols, the submission of Ethereum Futures ETF applications, companies adding Ethereum to their balance sheets, the rollout of Bitcoin Lightning payments, the issuance of crypto services licenses in Hong Kong, dissent within the SEC regarding crypto regulations, and Elon Musk’s company X obtaining a currency transmitter license.

In conclusion, the crypto market is a rollercoaster ride with its ups and downs. While it’s hard to predict the exact state of the market, understanding the four-year cycle, historical patterns, and current developments can provide valuable insights. Remember to plan for both directions in the market, and stay informed about the latest developments. Happy investing!