Has Bitcoin entered its next bull market cycle? This analyst thinks so

Bitcoin may be at the start of a bull market that could last nearly 1,000 more days, according to chart analysis from the pseudonymous crypto-focused Twitter account @CryptoHornHairs. According to a chart shared by CryptoHornHairs on the 11e of January, Bitcoin is at the start of a nearly four-year market cycle that it has followed closely since 2015.

According to CryptoHornHair’s analysis, there is a massive rally from the previous bear market low during the first 1064 days of each cycle. Once the market has peaked, it enters a 364-day bear market. This pattern was followed exactly in the last two cycles. That means Bitcoin should be rising over the next few years, peaking at 994 days (1001 days at the time of CryptoHornHair’s post), before entering a 364-day bear market.

Music for bullish ears

This is exactly the kind of news the longer-term Bitcoin bulls want to hear, with prices rising back above the $20,000 level in recent days and holding, with some declaring the 2022 bear market over. Some analysts believe that with US price pressures (CPI, PPI and wage growth) easing faster than expected and US growth indicators slowing faster than expected, the Fed (despite its insistence to the contrary) may be forced to cut rates soon . a belief that currently underpins the market.

It is worth noting that even if Bitcoin eventually retraces its historic four-year market cycle verbatim, gains during the upcoming bull market phase are unlikely to match those in the past. In the bull market from 2015 to late 2017, Bitcoin rallied nearly 13,000% before the bear market began. Meanwhile, during the bull market from late 2018 to late 2021, Bitcoin achieved a still impressive but much more moderate 2,000% rally.

Perhaps this time a protracted bull market could see Bitcoin spike below 1,000% above its recent low of nearly $15,500. Not that anyone would complain about a 1,000% rally from recent lows. That means Bitcoin will be worth nearly $175,000 by 2025.

Other bullish signs

Other key technical and on-chain indicators will also give hope to the bulls. First, Bitcoin’s rally since the start of 2023 has caused it to move north of its 200-day moving average for the first time since late 2021. The 200DMA was last just above $19,500. While not always the case, large breaks above the 200DMA have been a good indicator of continued upside in the past.

Elsewhere, according to Glassnode data, Bitcoin has also recently been pushed back north of its realized price. The realized price is essentially the average price that was “paid” for each Bitcoin at the time each Bitcoin was last moved. Historically, a sustained break above the realized price after a long period below it (which has been the story for the past few months) is a signal that the next bull market has begun.

Another similar indicator called Net Unrealized Profit/Loss (NUPL), has also recently turned positive again, according to Glassnode data. That suggests that the average wallet on the Bitcoin network is making a profit again. Usually a recovery of the NUPL indicator after a prolonged period in the red that the indicator is positive again means that a new bull market has started.

Altcoins to consider

Cryptocurrency markets have been performing well since the start of 2023, but the longer-term bear market still remains in play. Investors can still consider diversifying their holdings with the discounted pre-sale tokens of some promising emerging crypto projects. Here is a list of a few that InsideBitcoins analysts believe have the potential to perform well.

FightOut (FGHT) – Presale Now

The fledgling move-to-earn crypto niche has shown great promise, but early success stories like STEPN have significant limitations that have kept them from conquering the mainstream until now. FightOut, which bills itself as the future of move-to-earn, wants to change that in 2023. FightOut is a brand new web3 fitness application and gym chain that rewards its users for working out, completing challenges and participating in a first – its kind of fitness metavers.

While existing M2E applications like STEPN only track steps and require expensive non-fungible token (NFT) buy-ins to participate, FightOut takes a more holistic approach to tracking and rewarding its users for their exercises and activity, and requires it does not require any expensive buy-ins to participate. FightOut tries to combine the physical world and the web3 world.

The project aims to eventually acquire gyms in all major cities in the world while promoting an integrated web3 fitness experience. At the center of the FightOut digital ecosystem is the smartphone application that is scheduled to launch in the second quarter of 2023, according to the FightOut white paper.

The FightOut app uses smartphone and wearable technology to measure and track physical performance. The app will have its own in-house tokenized economy, where users can earn rewards for completing M2E tasks, as well as punch their own soul-bound token avatar, allowing the user to interact with the FightOut metaverse.

FGHT is the token that powers FightOut’s metaverse ecosystem. Users pay to participate in leagues and competitions with FGHT, and winning is paid out in FGHT.

FGHT can also be used in peer-to-peer fitness betting. FightOut’s FGHT tokens are currently selling for 60.06 per 1 USDT, and interested investors are encouraged to act quickly to secure their tokens as the presale has already raised nearly $3.0 million in just a few weeks . FGHT is the token that will power the FightOut crypto ecosystem.

Visit FightOut now

Calvaria (RIA) – Presale almost over

RIA, the token that will power the fantasy-themed NFT battle card game Calvaria in the afterlife, is also currently on pre-sale. The play-to-earn (P2E) cryptogaming startup has raised nearly $3.0 million in just a few months since the presale launch. Only about 12% of the tokens are still up for grabs.

Calvaria is trying to mainstream crypto-gaming by tapping into a huge, existing market: the market for physical battle card games (think viral sensations of the past like Pokemon and Yu-Gi-Oh). And with the crypto gaming space expected to grow from $4.6 billion in 2022 to $65.7 billion in 2027, there is plenty of room for massive growth, according to an analysis by Markets and Markets. Calvaria will launch the popular fantasy-themed card game “Duels of Eternity” in Q2 2023.

Visit Calvary here

C+Charge (CCHG) – Presale now on

The carbon credit industry is expected to be worth $2.4 trillion by 2027. Democratizing access to build these benefits will drive huge revenue in the years to come and this is something crypto startup C+Charge hopes to achieve. C+Charge is currently building a blockchain-based Peer-to-Peer (P2P) payment system for EV charging stations that will allow electric vehicle (EV) drivers to earn carbon credits.

C+Charge wants to strengthen the role of carbon credits as an important driver for electric car adoption. At the moment, major electric car manufacturers such as Tesla are making millions selling carbon credits to polluters. C+Charge aims to democratize the carbon credit market by putting more of these rewards in the hands of EV owners, rather than just the big corporations.

C+Charge has just started pre-sale of the CCHG token that its platform will use to pay at EV charging stations. Tokens are currently selling for $0.013 each, but by the end of the pre-sale this will have increased by 80%. Investors interested in getting an early start on a promising eco-friendly cryptocurrency project should act quickly, as the project has already raised more than $300,000 in just a few weeks since the presale launched.

Investors should note that the remaining tokens can be scooped up quickly. A crypto whale recently raked in over $99 worth of CCHG in a single transaction, as can be verified here on BscScan.

Visit C+Charge here

Meta Masters Guild (MEMAG)

Meta Masters Guild is an emerging web3 mobile gaming ecosystem that says it aims to create fun and addictive games that leverage non-fungible tokens (NFTs), allowing community members to earn rewards, as well as wager and trade. Game development is already underway and the team plans to launch their first title Meta Karts in the coming months.

The promising cryptogaming startup is currently holding a pre-sale of its MEMAG tokens, which are currently selling for $0.007 each. According to some observers, this is a bargain. In addition, this price will have increased to $0.023 by the seventh stage of the pre-sale, meaning early investors could be sitting on paper gains of over 300% by the time the pre-sale ends.

Visit Meta Masters Guild here.