Bitcoin at a crossroads: Is the bull market ending today or is the next rally coming?
The bull market in the crypto space has recently stalled, and many investors are wondering whether rising prices are even realistic. A recent forecast suggests that things could indeed soon get bleak for BTC investors. Bitcoin has recently performed very weakly, and optimism in the markets regarding a further rally seems to be dwindling.
Bitcoin has recently performed very weakly, and optimism regarding a further rally seems to be dwindling in the markets. Indeed, current data suggests that the mother of all cryptocurrencies will soon stop trending upwards and instead decline significantly. Analyst CryptoBird pointed out on the social media platform X that the Bitcoin bull market is likely to end on October 24 due to the halving cycle.
"1,058 days since the cycle low means: 99.3 percent of the historical bull cycle is complete, with only 0.7 percent remaining. Our target date, October 24, is exactly ten days away," he wrote. In fact, this exact development has already occurred in 2021 and 2017, so many market participants assume that BTC will also follow the four-year cycle in 2025. If this actually turns out to be true, Bitcoin could soon face a real crash or bear market, at least historically, as has always been the case.
Not a good outlook for BTC investors, but one expert is certain that there will no longer be such a thing as a Bitcoin bear market. Specifically, David Bailey, CEO of Bitcoin Magazine, recently shared a controversial thesis on X (formerly Twitter). The entrepreneur expects there to be no real Bitcoin bear market for several years. (A bear market is characterized by a decline of 20 percent from the previous high.)
He continued: "Every government, every bank, every insurer, every company, every pension fund, and many more will own Bitcoin. The process has already begun in earnest, but we haven't even reached 0.01 percent of the TAM yet." Despite the expiring bull market period in terms of the Bitcoin cycle, the rally for the mother of all cryptocurrencies doesn't necessarily have to end. Those who remain optimistic should also take a look at the unique Bitcoin Hyper project, which could now offer enormous opportunities.
With funding of almost USD 25 million, Bitcoin Hyper is currently one of the most successful presales in the crypto industry this year. This is due to the value proposition it makes for Bitcoin, the leading cryptocurrency by market capitalization. The extension is intended to make it faster, cheaper, and more functional. This is done via the SVM (Solana Virtual Machine), which connects Solana, one of the most powerful blockchains, with Bitcoin.
This allows Bitcoin to be transferred in less than 1 second and with fees of less than 1 cent. Another major advantage is that the bandwidth is also increased from 7 transactions per second to over 1.2 million TPS. With Bitcoin Hyper, the whales have recognized the importance of the fastest and cheapest Bitcoin scaling solution for the ecosystem. For the next few hours, HYPER coins will be available for purchase at a price of USD 0.013155. A further price increase will then be implemented with the next presale round.
Go directly to the Bitcoin Hyper website!
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