How Long Does a Bitcoin Bull Last? Proponents use a variety of charts and models to predict future prices – Featured Bitcoin News


As bitcoin prices soar above the $ 55k zone, a number of participants are wondering when the bull run will end. Bitcoin advocates are convinced that bull markets have three waves and that a new wave could begin soon. Despite using various tools such as tarot cards, no one is really sure what will happen to bitcoin and crypto markets next.

Countdown of the days – Estimation of Bitcoin Bull Runs

Bitcoin enthusiasts are still very bullish on the price of the major cryptocurrency and many believe the bull run is not over yet. Traders and those extraordinarily curious about short-term price swings have used a number of tools to predict the future price of BTC. Tools and graphs used include the stock-to-flow model (S2F), logarithmic growth curves, golden ratio multiplier, HODL waves, profitable days, and much more.

How Long Does a Bitcoin Bull Last?  Proponents use a variety of charts and models to predict future prices - Featured Bitcoin News
The image above is a HODL wave chart via Unchained Capital and Glassnode on May 10, 2021. “The colored bands show the relative fraction of Bitcoin that was last traded within the time window indicated in the legend,” said Unchained Capital’s website . The lower, warmer colors (red, orange) represent Bitcoin that has been making very recent trades, while the top, cooler colors (green, blue) represent Bitcoin that hasn’t been traded in a long time. Bitcoin’s money supply grew from 50 BTC to ~ 18.5M BTC over this period, so the chart is normalized by the BTC that existed on each date (left y axis). The black line shows the USD / BTC price (logarithmic, right y axis). “

For example, the popular Twitter account Bitcoin Archive tweeted about realized cap HODL waves, sharing an image of the Glassnode platform with its 184,000 followers.

“’Hot money’ has cooled down and we see a nicely formed 1st HODL wave (realized cap). Bitcoin bull markets typically have 3 waves, so expect a new one soon, ”Bitcoin Archive said. After the tweet, the account Cryptovizart responded to the tweet, saying the three-wave pattern didn’t happen like two previous cycles. Cryptovizart believes institutional FOMO made the first wave last longer.

How Long Does a Bitcoin Bull Last?  Proponents use a variety of charts and models to predict future prices - Featured Bitcoin News
Logarithmic growth curves chart from lookintobitcoin.com on May 10, 2021.

Trends further show that a popular question on Google is, “How long does a Bitcoin bull last?” and there are many editorials covering this topic. On April 12, 2021, Rekt Capital published an extensive editorial about when the summit will come. Rekt Capital says a typical bitcoin bull run takes about 518 days.

“It took about as much time for bitcoin to come down before halving # 2 (546 days) as it took for bitcoin to recover before coming out after its second post-halving # 1 market cycle (518 days),” the editorial notes.

No instrument or model is perfectly accurate, but market participants will always use them

Popular Youtuber and digital currency advocate Colin Talks Crypto has been covering the bull run for quite some time. In a YouTube video published April 17, Colin discusses when to sell and talked about his recently launched “Crypto Bitcoin Bull Run Index (CBBI).”

“The CBBI averages 11 different metrics to help us get a better idea of ​​where we are in the Bitcoin bull run (and bear market) cycle,” notes the website’s description. Currently, Colin’s CBBI is showing a score of 71 on May 10, 2021.

How Long Does a Bitcoin Bull Last?  Proponents use a variety of charts and models to predict future prices - Featured Bitcoin News
The Colin Talks Crypto Bitcoin Bull Run Index (CBBI) review on May 10, 2021.

“The Colin Talks Crypto Bitcoin Bull Run Index (CBBI) is an indicator based on a portfolio of 8 bitcoin statistics designed to give us a better idea of ​​where we are in a Bitcoin bull run cycle”, explains the website. “The CBBI score is a ‘peak confidence score’. As it approaches 100, it indicates that we may be getting closer to a price stop.

How Long Does a Bitcoin Bull Last?  Proponents use a variety of charts and models to predict future prices - Featured Bitcoin News
Stock-to-flow (S2F) model from lookintobitcoin.com on May 10, 2021.

A recent thread written by Coincharts on Twitter discussed the length of the current bull run in a tweet storm this week.

‘Where are we in this bull run? It has now been 143 days since bitcoin broke its all-time high of 2017. But how far are we in this bull run and how long will it take? This is of course very difficult to determine, but there are a number of things you can look at, ”Coincharts said. Coincharts uses a number of tools such as the “MA 200 Heatmap This indicator is a moving average over the last 200 weekly candles”, “Google Trends” and “HODL waves”.

How Long Does a Bitcoin Bull Last?  Proponents use a variety of charts and models to predict future prices - Featured Bitcoin News
Google Trends (GT) data May 10, 2021. Between the period May 2 through May 8, the term bitcoin scored a 50 in terms of searches on GT. The highest score a trend can achieve is 100.

Everyone has their own dedicated tool and technical analysis at their disposal, and some use bitcoin derivatives markets such as futures and options to guess the price in the future. There are those who believe BTC’s Taproot upgrade could raise the price, while others rely on news like institutional adoption to burst the market.

There is no exact science or rhyme and reason when it comes to bitcoin’s future price. There will never be a tool that predicts markets perfectly, but we can guarantee that market parties will always try predict the future use whatever they can to move forward.

What do you think of all the models and charts people use to measure the start and end of bitcoin bull run cycles? Let us know what you think about this topic in the comments section below.

Tags in this story

Bitcoin, Bitcoin (BTC), Bitcoin Archive, BTC, Bull Run, CBBI, Charts, Coincharts, Colin Talks Crypto, Crypto, Crypto Assets, Cryptovizart, Golden Ratio Multiplier, Hodl Waves, Logarithmic Growth Curves, Models, Forecast, Price, Profitable days, Rekt Capital, S2F model, Tools

Image Credits: Shutterstock, Pixabay, Wiki Commons, Unchained Capital, Glassnode, Lookintobitcoin.com, colintalkscrypto.com/cbbi/,

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How Long Does a Bitcoin Bull Last?  Proponents use a variety of charts and models to predict future prices - Featured Bitcoin News

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