Is the bull market really coming?

[ThreeBear]

Bitcoin rose to $64,000, just one step away from its all-time high of $69,000 in November 2021. But a cruel fact is: Binance, with 1,170 coins, only has 7 coins that have broken through the previous high of the last bull market. The ratio is only 0.598%! They are TRB, INJ, AUCTION, RNDR, STX, POWR and TWT. Currencies that break through previous highs generally do not rise much compared to previous highs. However, for investors in the above currencies, they are lucky, at least they have recovered their principal. By analyzing the project types, we can find that the sectors involved in the tokens include oracles, AI, modularity, BTC L2, Internet of Things, and wallets. Many of these projects are popular narrative concepts in this round of market conditions. From this point of view, the investment logic of speculating in the new and not in the old still applies to the currency circle. This wave of BTC price rise is indeed astonishing, and at this rate it will hit the all-time high just around the corner. However, during the rise of BTC, many investors felt that they had not made any money. It seems that the bull market is coming, but not all of it has come.

 

[btaliat]

Good news as it is likely to experience another increment in the price of some crypto coins this years. Though, it has already been suggested that the Bitcoin halving is likely to be in April. This will further explain the main reason why there may be bull market truly.

However, in as much as this may sound and seem a good time to get Bitcoin, there should be much caution while doing so. There is tendency that the price may fall before the actual halving will now start.

Though all these are still on speculation, all fingers crossed.

 

[ImamShaheb]

Yeah, it's the most anticipated bull Market.... Proof~