**How Long Could the Bitcoin Bull Market Last?**
A popular crypto analyst, known as TechDev, has analyzed the potential duration of the current Bitcoin (BTC) bull market. TechDev suggests that the global liquidity cycle aligns with previous Bitcoin tops and takeoff points. By examining a six-week chart, TechDev’s indicator indicates that Bitcoin will likely reach its top between January and March of 2025.
**Analyzing Global Liquidity Cycles**
To support his analysis, TechDev compares the Chinese 10-year bonds (CN10Y) against the US dollar index (DXY). He also considers the aggregate major central bank balance sheet, which tracks money-printing activities by reserve banks worldwide. These comparisons help to identify patterns in global liquidity cycles.
**Potential for Mania in Crypto Markets**
TechDev believes that “mania” could be on the horizon for crypto markets based on past Bitcoin cycles. He uses the supertrend indicator, which generates signals based on whether the price breaks previous open or close levels during a specific period. According to TechDev, when Bitcoin broke above the seven-week supertrend in the past, it led to periods of mania.
**Bitcoin’s Current Price Action**
As of now, Bitcoin is trading at $68,015 and has experienced a more than 7% increase in the past 24 hours. This positive price action aligns with TechDev’s analysis suggesting a potential bull market continuation.
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**Conclusion**
Based on TechDev’s analysis, it appears that we could see an extended Bitcoin bull market lasting until early 2025. By considering global liquidity cycles and historical patterns, TechDev has identified potential indicators of future market trends. However, it’s important to remember that cryptocurrency markets are highly volatile and subject to various factors that can influence price movements. Stay informed and make well-informed decisions when participating in the crypto market.
**Hot Take: The Potential Duration of the Bitcoin Bull Market**
According to TechDev, a closely followed crypto analyst, the current Bitcoin bull market could last until early 2025. By analyzing global liquidity cycles and historical patterns, TechDev has identified indicators that align with previous Bitcoin tops and takeoff points. While this analysis provides valuable insights, it’s crucial to approach the crypto market with caution and consider other factors that may impact price movements. Stay updated with the latest news and developments to make informed decisions in this dynamic market.
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