Has Bitcoin entered its next bull market cycle? This analyst thinks he might have

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Bitcoin could be at the start of a bull market that could last nearly 1,000 more days, according to chart analysis from pseudonymous crypto-focused Twitter account @CryptoHornHairs. According to a chart shared by CryptoHornHairs on January 11, Bitcoin is at the start of a nearly four-year market cycle that it has been following closely since 2015.

According to CryptoHornHair analysis, the first 1064 days of each cycle involves a massive rally from the previous bear market low. Once the market has peaked, it then enters a 364-day bear market. This pattern has been followed exactly over the past two cycles. This implies that Bitcoin is likely to rally over the next few years and peak at 994 days (1001 days at the time of CryptoHornHair’s publication), before entering a 364-day bear market.

Music to bullish ears

This is exactly the kind of news that longer-term Bitcoin bulls want to hear, as prices have pulled back and held north of the $20,000 level for the past few days as some say the 2022 bear market is over. ended. Some analysts believe that with US price pressures (CPI, PPI and wage growth) easing faster than expected and US growth indicators slowing faster than expected, the Fed (despite its insisting otherwise) may be forced to cut interest rates soon, a belief that is currently supporting the market.

It should be noted that even if Bitcoin ends up following its historic four-year market cycle again, the gains made during the next bull market phase are unlikely to match those seen in the past. In the bull market from 2015 to the end of 2017, Bitcoin showed a rally of nearly 13,000% before the start of the bear market. Meanwhile, during the bull market from late 2018 to late 2021, Bitcoin saw a still impressive but much more subdued rally of 2,000%.

Perhaps this time an extended bull market could see Bitcoin peak less than 1,000% above its recent low near $15,500. No one would complain about a 1000% rally from recent lows. This implies that Bitcoin will approach $175,000 in 2025.

Other Bullish Signs

Other major technical and on-chain indicators will also give bulls hope. First, Bitcoin’s rally since the start of 2023 saw it rally north of its 200-day moving average for the first time since late 2021. The 200DMA was just above $19,500. Although not always the case, major breakouts above the 200-ma have been a good indicator of sustained upside in the past.

Elsewhere, according to data from Glassnode, Bitcoin has also recently pushed back north of its realized price. The realized price is essentially the average price that was “paid” for each bitcoin at the time each bitcoin was last moved. Historically, a sustained break above the realized price after an extended period below (which has been the story for the past few months) is a signal that the next bull market has begun.

Another similar indicator called Net Unrealized Profit/Loss (NUPL) has also recently moved back into positive territory, according to data from Glassnode. This suggests that the average wallet on the Bitcoin network is profitable again. Typically, a recovery of the NUPL indicator into positive territory after an extended period in the red signifies that a new bull market has begun.

Altcoins to consider

Cryptocurrency markets have been doing well since the start of 2023, but the longer-term bear market still remains in play. Investors could still consider diversifying their holdings with the discounted presale tokens of some promising crypto projects and promising. Here is a list of a few that analysts at InsideBitcoins believe have the potential to do well.

FightOut (FGHT) – Presale Now

The young mobile cryptocurrency niche has shown a lot of promise, but early success stories like STEPN have significant limitations that have, until now, prevented them from reaching mainstream audiences. FightOut, which bills itself as the future of the movement to win, wants to change that in 2023. FightOut is a brand new web3 fitness app and gym channel that rewards its users for training, challenging and competing in a first-of-its-kind fitness metaverse.

While existing M2E apps such as STEPN only track steps and require expensive non-fungible token (NFT) purchases to participate, FightOut takes a more holistic approach to tracking and rewarding its users for their exercise and activity, and does not not require any expensive buy-ins to participate. FightOut seeks to combine the physical and web3 worlds.

The project aims to eventually acquire gyms in every major city in the world, while simultaneously promoting an integrated web3 fitness experience. At the center of FightOut’s digital ecosystem will be its smartphone app, which according to FightOut’s white paper is expected to launch in the second quarter of 2023.

The FightOut app will leverage smartphones and wearable technology to measure and track physical performance. The app will have its own in-house tokenized economy, where users can earn rewards for completing M2E tasks, and can create their own soulbound token avatar, through which the user can interact with the metaverse Fight Out.

FGHT is the token that powers the FightOut metaverse ecosystem. Users will pay to participate in competitions and leagues with FGHT, and winnings will be paid out in FGHT.

FGHT can also be used in peer-to-peer fitness betting. FightOut FGHT tokens are currently selling at 60.06 for 1 USDT, and interested investors are encouraged to act quickly to secure their tokens, as the pre-sale has already raised nearly $3.0 million in just a few weeks. FGHT is the token that will power the FightOut crypto ecosystem.

Visit FightOut now

Calvaria (RIA) – Presale almost over

RIA, the token that will power the afterlife fantasy-themed NFT battle card game Calvaria, is also currently on presale. The play-to-earn (P2E) crypto gaming startup has raised nearly $3.0 million in just a few months since launching its pre-sale. Only around 12% of his tokens remain up for grabs.

Calvaria is looking to bring crypto gaming into the mainstream by tapping into a huge existing market – the market for physical battle card games (think viral sensations of the past like Pokemon and Yu-Gi-Oh). And with the crypto gaming space set to grow from $4.6 billion in 2022 to $65.7 billion by 2027, according to analysis by Markets and Markets, there’s plenty of room for massive growth. . Calvaria is expected to launch its fantasy-themed card game “Duels of Eternity” in the second quarter of 2023.

Visit Calvaria here

C+Charge (CCHG) – Presale now underway

The carbon credit industry is expected to be worth $2.4 trillion by 2027. Democratizing access to accrue these benefits is going to drive massive business in the years to come and that’s something the start-up crypto C+ Charge hopes to achieve. C+Charge is currently building a blockchain-based Peer-to-Peer (P2P) payment system for EV charging stations that will allow electric vehicle (EV) drivers to earn carbon credits.

C+Charge aims to reinforce the role of carbon credits as a key incentive for the adoption of electric vehicles. Right now, big electric vehicle makers like Tesla are making millions selling carbon credits to polluters. C+Charge wants to democratize the carbon credit market by allowing more of these rewards to end up in the hands of electric vehicle owners, rather than just large corporations.

C+Charge has just launched its presale of the CCHG token that its platform will use to pay at EV charging stations. The tokens are currently selling at $0.013 each, but by the time the presale ends, that will have increased by 80%. Investors interested in jumping into a promising eco-friendly cryptocurrency project early should act quickly, as the project has already raised over $300,000 in just a few weeks since the presale kicked off.

Investors should note that the remaining tokens could be recovered quickly. A crypto whale recently scooped over $99 from CCHG in a single transaction, as can be verified here on BscScan.

Visit C+Charge here

Meta Masters Guild (MEMAG)

Meta Masters Guild is an up-and-coming Web3 mobile gaming ecosystem that claims to create fun and addictive games that use non-fungible tokens (NFTs), allowing community members to earn rewards, as well as wager and trade. Development of the game is already underway, with the team set to launch its first Meta Karts title in the coming months.

The promising crypto gaming startup is currently conducting a pre-sale of its MEMAG tokens, which are currently being sold for $0.007 each. According to some observers, this is a godsend. Moreover, this price will have risen to $0.023 by the seventh leg of the presale, meaning that early investors could be sitting on paper gains of over 300% by the end of the presale.

Visit Meta Masters Guild here.

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