Next Bitcoin Bull Market Could Take Years, So How Long To Next Peak?
Long term price predictions for Bitcoin are always positive since very few industry analysts see things going south for the technology. This year has been very bullish for BTC, compared to the nightmare it had last year. Looking at the charts though could spell quite a long wait for the next market cycle peak.
Bitcoin Could Take Its Time To Reach Next High
BTC has made over 170 percent since the beginning of the year and while that is no mean feat, it doesn’t compare to gains in recent bull markets. In just three months in late 2017 the king of crypto surged 400 percent to hit its all-time high.
This time around the , especially considering the past ten weeks of sideways trading with little clear direction. The market cycles from boom to bust appear to be extending, with each one taking considerably longer than the previous. So, the big question remains, when can we expect the next cycle peak?
Crypto analysts have been looking at past in an effort to determine the length of the next and we may have a bit of a wait.