The cryptocurrency market market could enter another bull run by the end of this year. Bitcoin (BTC) is already showing signs of a recovery after briefly reclaiming the $87,000 price level earlier this week. Let’s discuss why you may not want to miss out on the next cryptocurrency bull run.
Why You Should Not Miss The Next Cryptocurrency Bull Run
Bernstein analysts anticipate Bitcoin (BTC) to reclaim the $100,000 price level by the end of this year. BTC is the market leader and other assets tend to follow its trajectory. BTC hitting $100,000 once again could trigger another upward momentum for the larger cryptocurrency market.
Bitcoin (BTC) has historically followed a four-year trajectory. The cryptocurrency has hit new all-time highs in 2017, 2021, and 2025; after every four years. Many anticipate this trend to continue into the future, with BTC climbing to a new peak in 2029. The rally to a new peak in 2029 could start sometime in late 2026 or early 2027.
Also Read: Bitcoin Gets Its First Quantum Defensive Measure: Will Price Rise?
Now, let’s get to why the next bull run is important. Bitcoin (BTC) fell to a low of around $62,000 earlier this year. The figure is just below the cryptocurrency’s 2021 peak of $68,000. Going by this pattern, the dip following the next bull run may lead to BTC staying just below its $126,000 peak. What this could mean is that the cryptocurrency may not ever fall below the $100,000 mark again. Hence, now may be the perfect time to take positions in BTC as we may never see five-digit prices ever again.
Many may point to the 2022 market crash where BTC fell to around $15,000. This was an anomaly, given that it was triggered by the failure of FTX, which was one of the biggest financial frauds of all time. Another such event may not occur again. Hence, the next cryptocurrency bull run may be your chance to make big gains.