The crypto market has faced significant downtrends since the beginning of the year, leaving investors uncertain about the status of the Bitcoin bull run. While some believe it’s over due to recent corrections, others remain cautiously optimistic. Even with the market’s recovery in recent days, concerns persist. Let’s explore the latest trends and where Bitcoin stands in its bull cycle.
Understanding the Crypto Bull Run
A crypto bull run refers to prolonged periods of substantial price gains in digital assets. Earlier this year, Bitcoin’s price peaked at $109.1k but has since consolidated around $84.1k, causing frustration among investors. However, key data suggests the bull run is far from over, with major breakouts expected in the coming months.
Short-Term Rally Insights
According to Colin Talks Crypto, Bitcoin is currently experiencing a short-term rally, with its peak likely forming in mid-to-late March. This indicates the rally is still developing, and the current consolidation is temporary.
The Global M2 Money Supply correlation is a critical metric for analyzing this rally. Bitcoin’s price often moves in tandem with M2 data, which measures liquidity. Based on this, two bullish scenarios emerge:
- Scenario 1 (70-day offset): Predicts a strong upward move around March 2–5.
- Scenario 2 (107-day offset): Suggests a significant surge around April 30 to early May.
What This Means for Bitcoin’s Future
Colin’s analysis indicates the mini-rally’s peak is 2–3 days away, with the 107-day offset aligning best with current conditions. This suggests the most substantial acceleration of the Bitcoin bull run will occur in late April or early May, coinciding with rising global liquidity.
"BTC has at least three more days until the end of this mini-rally. The M2 Global supply with a 107-day offset fits best currently. Blast-off date estimated around April 30."
While short-term volatility is expected, the broader outlook remains bullish.
Current Crypto Market Performance
After losing over $1 trillion in market cap during a two-month downturn, Bitcoin’s recent recovery has reignited optimism. BTC surged nearly **9%** from its monthly low, currently trading at **$84.1k, while the global market cap reached $2.76 trillion**.
This rebound aligns with broader financial market recoveries, including stocks. Regulatory clarity from the SEC—such as classifying XRP as a payment asset—has also bolstered investor confidence.
Notably, crypto analyst Josh Mandel predicts Bitcoin could reach $440k, further fueling market enthusiasm.
Conclusion: The Bull Run Continues
Despite short-term uncertainties, Bitcoin’s long-term trajectory remains bullish. Analysts anticipate a mini-rally peak in March, followed by a major breakout in late April to early May. This makes the current market an ideal time for holding.
With bullish predictions like $440k for BTC, investors should monitor liquidity trends, market sentiment, and macroeconomic developments for optimal decision-making.
Frequently Asked Questions (FAQs)
1. Is the Bitcoin bull run really over?
No. Analysts predict a significant rally between April 30 and early May, suggesting the bull run is still in progress.
2. Why did Bitcoin’s price drop from $109.1k?
Macroeconomic events and bearish investor sentiment led to consolidation after the peak.
3. What’s the highest price predicted for Bitcoin?
Crypto analyst Josh Mandel forecasts BTC could surge to $440k, based on current trends.
4. How does the M2 Money Supply affect Bitcoin?
Bitcoin’s price often correlates with global liquidity (M2 data), making it a key indicator for future rallies.
5. When is the next major Bitcoin breakout expected?
The most significant acceleration is projected around April 30 to early May.
Stay informed and strategic in your crypto investments. The bull run’s next phase could be just around the corner.