Analytics Firm Says These Key Catalysts Will Kick Off The Next Crypto Bull Market

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Crypto analytics firm Santiment breaks down the catalysts that will launch the next digital asset bull market.

Santiment notes in a new analysis that when markets take off, social media discussions about crypto assets tend to be more bitcoin (BTC) focused than they are now.

The analytics firm claims that 1/6th to 1/8th of crypto asset talk focused on Bitcoin in the second half of 2022, but that number is typically 1/5th under ideal market conditions.

Source: Santiment

explains Santiment,

As illustrated in the chart above, let’s watch to see when traders’ interest in Bitcoin starts to hover consistently above this breakeven line again. This signal, along with a bit of wariness about the exchanges dissipating over time and (hopefully) justice being served against the former FTX founder(s), should be the recipe for a rebound as we head into a new year.

Bitcoin is trading at $16,726 at the time of writing. The top-ranked crypto asset is down more than 75% from its all-time high of over $69,000, which it reached in November 2021.

Santiment notes that 2022 represented the “year of accumulation” in Bitcoin’s four-year cycle.

“2014, 2018, and 2022 have all been historically bad years in BTC’s 14-year history.

And it’s no coincidence that they all come after great ultra-bullish years that set new all-time highs (2013, 2017, 2021). While not a perfect alpha barometer for predicting whether prices will rise or fall, the pattern that every four years sees a euphoric phase followed by a scary profit-taking phase has become quite predictable.

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Featured image: Shutterstock/jovan vitanovski/Plasteed

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