Next big bull rally expected to begin in 2023 Q2 says Mark Yusko

[_act_]

If I will have to choose the best time to invest in bitcoin, this is the time, I do not expect anyone to wait. But for those that do not have enough, I believe there is still time for them to accumulate or to DCA. Some people still believe bitcoin may not have bottomed yet and still expected lower price, those are still the kind of people that go for short position with leverage, over $1 dollars short position trader's money was liquidated when bitcoin increased above $20000 recently.

Let us leave that, it is just an advice to start investing now when the price is low. The main discussion is about when the next massive rally will start, like in 2020, the rally has started like 2 weeks to halving, but the lowest price in 2020 was in March when the price was less than $4000. Bitcoin increased and got to over $8000 before halving.

I found it wrong for someone to say that the next rally would start by second quarter of 2023

https://www.coinsurges.com/next-bitcoin-rally-to-start-in-q2-2023-mark-yusko-explains-why/

The anticipation of the next Bitcoin halving will spark a crypto rally in 2023 regardless of the grim macroeconomic picture, according to hedge fund manager Mark Yusko.

I am thinking that Q2 of 2023 is still early to decide if the 2024 rally that we are expecting, that any price rise at the time may still be followed by bear market. I believe more in 2024, what do you think?

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[Tytanowy Janusz]

over $1 dollars short position trader's money was liquidated when bitcoin increased above $20000 recently.

I think it was much higher than "1$ dollars"

The anticipation of the next Bitcoin halving will spark a crypto rally in 2023 regardless of the grim macroeconomic picture, according to hedge fund manager Mark Yusko.

1st halving was important. It reduced monetary inflation from 25% to 12%. Thats a big deal. Second halving decreased monetary inflation from 9% to 4,5%. Now we are getting closer and closer to the 4th halving that will reduce bitcoin monetary inflation from like 1.5% to 0.7%. Both numbers are negligible compared to 8% official CPI in US, 10% in EU or 80% in countries like Turkey. So my bet is that halvings fundamental impact on bitcoin price is getting lower and lower with every next halving in oppose to macro data, FED decisions, interest rates, recessions etc. Bitcoin will be more like an asset that act sometimes like gold on steroids sometimes like sp500 on steroids rather than it will fallow "bubble x days before each halving scheme"

[gantez]

The main discussion is about when the next massive rally will start, like in 2020, the rally has started like 2 weeks to halving, but the lowest price in 2020 was in March when the price was less than $4000. Bitcoin increased and got to over $8000 before halving.

I found it wrong for someone to say that the next rally would start by second quarter of 2023

https://www.coinsurges.com/next-bitcoin-rally-to-start-in-q2-2023-mark-yusko-explains-why/

The anticipation of the next Bitcoin halving will spark a crypto rally in 2023 regardless of the grim macroeconomic picture, according to hedge fund manager Mark Yusko.

I am thinking that Q2 of 2023 is still early to decide if the 2024 rally that we are expecting, that any price rise at the time may still be followed by bear market. I believe more in 2024, what do you think?

The difference is two weeks for 2020 rally when bitcoin was still $4,000 before halving at the peak of covid-19 and Mark Yusko prediction for rally early enough in Q2 of 2023. IMO it may not be early because June is still in Q2 of next year and 2014 will be around soon. Remember this time more investors are waiting so early hodling can shoot the price up and sustained.

I am thinking that Q2 of 2023 is still early to decide if the 2024 rally that we are expecting, that any price rise at the time may still be followed by bear market. I believe more in 2024, what do you think?

The micro and macroeconomics have changed and what you now assume as early may be wrong like many factors have been changing and continue to change even for next year. The inflation can increase more by December and fomo can push more investors into hodling finance in bitcoin. This can keep to sustain the bull with little drops until halving.

[hugeblack]

Even if now is not an ideal time to buy bitcoin, it is not recommended that we move away from the levels of 30k for the next year, and then 20k and 30k will not be different if the price reached the peaks of 120k and 170k.

Therefore, estimates for the next year are very optimistic.
Also, the year 2024 will not be good just because the same thing happened in 2020.

[Lucius]

OP, where do you find these characters who think they know something? He has no idea about anything except how to promote himself a little and try to appear smart in something that neither he nor anyone else can predict. Past events do not have to be guidelines for the future, but the person is very likely completely wrong, as well as everyone who mentions a new big bull run at every slightest positive development.

If until now the halving was the trigger for such an event, then there is a high probability that it will be so in the future as well. All those who are just waiting to make a profit will have to be patient, and in the meantime they should take their fantasies a little less public.

[Adbitco]

You know I have took time to understand how people does about bitcoin it's not compulsory everyone may purchased bitcoin at same but few people who knows the benefits of bitcoin might not hesitate to bag it up while those who came for just the bull to buy and sell might not get enough time to enter the market at the right time so those people ends up buying when the market seems to change.
We have had alot of predictions though all we are waiting is to see the next halving maybe by then bitcoin price could go above the previous ATH.

[kryptqnick]

I don't think it matters how people get their predictions of the price of Bitcoin, how they explain them or how much of an expert a person seems to be. That's because Bitcoin price prediction isn't a matter of science, it's not something that is precise enough to predict when the next bull run hits. It can be in the second half of 2023, it can be at the end of 2023, and it can be at the very beginning of 2023. All of these are reasonable. There's some likeliness of events, of course. For example, it's likely that the price will be betweeen $19k and below $21k tomorrow, and it's unlikely that it will be $25k tomorrow, but even more unlikely that it will be $10k tomorrow. That's just things derived from how Bitcoin has behaved over a long period of time and how big of an increase or decrease it normally experiences within a matter of a day. But a bull run is something different, less certain, especially in the question of when it can happen.

[buwaytress]

Definitely a good time to DCA, and it really doesn't matter if we rally unexpectedly even up to $40k to drop again to new lows (I have to believe this is coming), because it's a healthy 2 years minimum before the halving effect drives prices up. Even $100 a month means at least $2400 before that rise, and if this is the average price today, ATH of 2x already gives 500% on that. Math is just kind that way.

[Pierre 2]

Looks he believes no matter economical weather in global scale, cryptocurrency bull run will start at Q2 2023. I am more into other side where they believe global markets should get better to fix Bitcoin and other cryptos. But its all up to Bitcoin eventually. If Bitcoin prise raises so quickly, exchange rates won't be same. It may really create huge wave of investors starting to invest. This may surprise us by extraordinary moves.

[stomachgrowls]

When it comes to other peoples predictions and speculations on where bull run would happen which i do usually ignore.We are all speculators on this market and no one knows on when it would be happening.

Just like the rest been suggesting that this is indeed the best time for us to make some DCA.You wont really be stressing yourself out on when the market would really be increasing its price.

Im not really keeping myself do always speculate on what would be the price or when that bull run happens.Just come to mind off that we cant really be having a forever bearish run on this market.

Therefore, its really that safe to say that bull run could happen but no one can precisely point out on when it would happen whether it would be pre-halving or post halving situation.
Thing here is that you do take risk on making action which you do seem to be that relevant on adding up on your port.

[Finestream]

If I will have to choose the best time to invest in bitcoin, this is the time, I do not expect anyone to wait. But for those that do not have enough, I believe there is still time for them to accumulate or to DCA. Some people still believe bitcoin may not have bottomed yet and still expected lower price, those are still the kind of people that go for short position with leverage, over $1 dollars short position trader's money was liquidated when bitcoin increased above $20000 recently.

Let us leave that, it is just an advice to start investing now when the price is low. The main discussion is about when the next massive rally will start, like in 2020, the rally has started like 2 weeks to halving, but the lowest price in 2020 was in March when the price was less than $4000. Bitcoin increased and got to over $8000 before halving.

I found it wrong for someone to say that the next rally would start by second quarter of 2023

https://www.coinsurges.com/next-bitcoin-rally-to-start-in-q2-2023-mark-yusko-explains-why/

The anticipation of the next Bitcoin halving will spark a crypto rally in 2023 regardless of the grim macroeconomic picture, according to hedge fund manager Mark Yusko.

I am thinking that Q2 of 2023 is still early to decide if the 2024 rally that we are expecting, that any price rise at the time may still be followed by bear market. I believe more in 2024, what do you think?

Well, it’s not wrong to believe that a possible bullish market will appear by next year since everything could happen in a blast with this unpredictable market. No need to wait for halving, if there are events that will eventually make the market highly bullish, then why not? At the end of the day, we only share the same goal, and that is to make good profits and lucky are those who have been into long term hodling as it’s very close for them. And since it would still be the following year, then buying right now would still be the best thing to do.

[STT]

I'd guess that time period most likely to reappear activity first with a 2019 type false start rise before falling back.   I expect something to happen but not a final boss big wave up type move in like just over 6 months from now seems a tad early to be hopeful.   We turn positive (very slowly it appears) we accumulate, we can see a rise but the first wave wont be especially epic I think that comes later if at all.#
  Better not to expect too much, Im never too gloomy considering how far the entire marketplace progressed but also avoid to over demand something happening on cue; its usually by accident a large move coincidences with various other factors related and unrelated that makes the pricing bigger in focus.

[Yaunfitda]

I'm not familiar with Mark Yusko to begin with.

But I will have to disagree though when he predicted that there will be a big bull run in 2023. For all we know, the market will still be very bearish that time and the only catalyst for a bull run is halving which will occur in the early part of 2024. And with that, I'm still expecting the worst in 2023, so it is still the best time to accumulate bitcoin from today thru DCA, until you have the capital to invest in this bear market.

[Solosanz]

2023 Q2 is still recession phase, I don't expect a big bull run will start at that time. Actually it could be the lowest of Bitcoin price, as many people already predicted too. Bitcoin can be used to hedge against inflation, but it's can't be used to hedge against recession since every countries will suffer bad economy. People will use their money to buy food, pay bills and use for daily spending, they wouldn't have enough money to buy Bitcoin.

[bittraffic]

2023 Q2 is still recession phase, I don't expect a big bull run will start at that time. Actually it could be the lowest of Bitcoin price, as many people already predicted too. Bitcoin can be used to hedge against inflation, but it's can't be used to hedge against recession since every countries will suffer bad economy. People will use their money to buy food, pay bills and use for daily spending, they wouldn't have enough money to buy Bitcoin.

Exactly what I thought so based on the likelihood that there will be a recession.
There is still a decent amount of uncertainty ahead, this end-of-October rally may seem like a kickstart but the volatility of the market had already disappointed many just today. While there is yet no halving, the ride will still be bumpy til the end of 2023 which is why I don't see rallies in the coming months to be the kind that is lasting.

[LogitechMouse]

Not familiar with the person but whoever he is, he isn't that knowledgeable with regards to how cryptocurrencies are moving.

Markets move in cycles and so does Bitcoin. In the last 2 bull runs of it, the bull run started after the halving happened and if we will follow what happened in the past and apply it in the future, most probably we will see a bull run at 2024 particularly after March 2024 where the halving is expected to happen.

Now that alone can negate what he said that we will see a bull run in Q2 of 2023. I believe in market cycles, and I've seen it twice already. Another thing is that there is no sign as of right now that we will see the market make a trend reversal. As of this moment, markets are still on a downward trend even though we are seeing crypto market a slight upwards movement but in a longer time perspective, it is still moving downwards. Also add the problems that the world is facing right now. Inflation, Russia-Ukraine war, Fed increasing rates, lacking commodities like oil and many more. I disagree with what he is saying.

[Kemarit]

It's probably that this person has some narrative behind that's while he predicted that the price will have a big bull run in 2023.

But this so called "experts" are always wrong, and I appreciate some members here in this board who posted their prediction with graphs and charts and everything.

And we all know that in order for the market to trigger a massive bull run, we should have the most important activity in Bitcoin and that is the block halving which is schedule sometime in 2024. So this prediction is somewhat off.

[jostorres]

OP, where do you find these characters who think they know something? He has no idea about anything except how to promote himself a little and try to appear smart in something that neither he nor anyone else can predict. Past events do not have to be guidelines for the future, but the person is very likely completely wrong, as well as everyone who mentions a new big bull run at every slightest positive development.

If until now the halving was the trigger for such an event, then there is a high probability that it will be so in the future as well. All those who are just waiting to make a profit will have to be patient, and in the meantime they should take their fantasies a little less public.

He found it on the article that he read and maybe that article found that guy in twitter because I can see that he is popular there. Well, that maybe because this guy is a managing director of Morgan Creek Capital Management. He might really be smart to work on there or to get that position and he is only using his knowledge and experience on that field to possibly predict the the market of cryptos.

For now, we can't say that he is wrong because his prediction can also came true. The only thing that we can do for now is to wait for that dates. Many predictors said that the bears would continue next year or so but this guy mark came out to counter it and make people believe that there is still a hope.

[Oilacris]

It's probably that this person has some narrative behind that's while he predicted that the price will have a big bull run in 2023.

But this so called "experts" are always wrong, and I appreciate some members here in this board who posted their prediction with graphs and charts and everything.

And we all know that in order for the market to trigger a massive bull run, we should have the most important activity in Bitcoin and that is the block halving which is schedule sometime in 2024. So this prediction is somewhat off.

So called "Experts"
So called "Professionals"
So called "Popular persons"
So called "Profitable traders"

It would really be just all the same on which all of the words that they've been saying are purely speculations on which there's no way that
someone could able to know on what the future prices or movement in upcoming years to come.It would be always a hit or miss.
When these fellas do hit up on the right prediction then they would really have those common lines "I was right" , "You had made money if you had listened into my tip".

[livingfree]

2023 is still really early for the rally to come but who knows what will happen by that year. It's going to be nearer to the halving and that's why some predictions are telling like that.

Anyone who got some predictions to say are always being told to be like this as if they're going to be as accurate as the others.

It's normal to see people tell that the next years will be the ones as the start of the rally where the fact is we came from the bear.