Crypto Market Sentiments of Bull Run not Coming Again 2024

_{screenshot from my binance account}

There are a lot of sentiments in the crypto ecosystem that has caused untold damage and wrong decisions in trades and investments. The said bitcoin halving that was expected to happen on the 20th of April did make many start having uncertainties in the movements of the market. Let me take your minds back to that day.

Everyone had actually waited for such a day to come including top traders and the day finally came. Before it came, many had this hope that the market is either going up or going down badly. This sentiments was a major trend then. The number of investors having positive hopes to place trades and sell off from their holdings when the increase is made were innumerable.

This sentiments made someone place a sell trade thinking that since it's a halving of bitcoin which means reduction in the mining quantity, it's a negative news and will reduce. So a trader placed a sell trade on bitcoin thinking the market will go down as expected but to the greatest shock of their lives, the market was static.

It neither surged or dropped making many have mixed feelings about the dynamics in the market as some said it has never happened before in the history of halving and this year is actually a shocking year. Lot of money were lost through these sentiments, decisions that were wrong were made while others still weren't influenced by these sentiments.

It's up to 2 months since the halving commenced and bitcoin did hit a new high of $73k 3 weeks or so after the halving. There was a time I went online to check the latest crypto trends and I saw there were a lot of sentiments about the Bull market. There were doubts that the bull market will actually come as the halving taught them a valuable lesson. So the question is, Will history repeat itself or will the market cycle actually change this year?

It's no news that there are four market cycles governing the crypto market of which the Bull market is among. Many have high hopes of the Bull hitting this year in extension to next year. Some actually expected it would happen after the halving and some of such questions were; When is the bull market coming? Some have lost hope investing in portfolios as they don't want to risk it for any proposed market cycle. So the question still stands? Will the bull market come? If yes, when?

To those steemians that may actually be new in the crypto space, there are certain things you must understand about the coming of a bull run this year. Following the market cycle, a bull run happens after 4 years following the halving of bitcoin. The last bitcoin halving started in 2020 and the bull run triggered in that year and got a complete cycle 2021 where if reached $69k.

Tackling the sentiments of people saying a bull run will not come at all, this may probably be because they think the market is too unpredictable and that major events like this can be cancelled.

As a cycle, the first bull run happened in 2012-2013, the second happened in 2012-2018, the third 2020-2021 and the fourth counting four years from 2020 will commence this 2024-2025 and it's likely to happen late 2024. So don't panic. Following this, let's look at some charts. Let's look into these charts of past bitcoin movement and how it's reflecting.

The first chart shows bitcoin as of 2020 after the halving that happened in may, bitcoin rose from $6k to $10k and this is shown through the screenshot below as the halving started in may. Now let's check events leading up. It's very unpredictable to say the market will repeat itself but in some cases, it does.

After this period of which bitcoin attained s new high, it dropped to $8k and then surged during July creating a new high of $12k and then following up to these events, the pump started around October 2020 and that was when it was observed that the bull conquered the bears.

The screenshots below shows the surges in the crypto market early 2021 during the introduction of the bull market. If you see the periods of may-august, you'll see that there was a major surge in the price of bitcoin.

Currently, we're just two months ahead of the bitcoin halving season and we're heading to start of the bull late this year. As traders, we are very strategic about our investments and trades so as not toske major mistakes leading to lots of sentiments or losses in the crypto space.

All screenshots from my binance account.

In conclusion, the truth of the matter is that the crypto market has a cycle that brings about major events and history has proven that these events can never be postponed or changed no matter how manipulative the market may seem to be. So to all those being pessimistic about the coming of a bull run this year, I'll advise you do your research and get a balanced information from legit sources and following my Intels, you should have a good overview of how this cycle works and prepare yourself for it.