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Author Topic: Next big bull rally expected to begin in 2023 Q2 says Mark Yusko  (Read 187 times)
Lucius
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October 29, 2022, 10:05:41 AM
 #21

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.

Of course, that was a rhetorical question, more in the sense of "why are you wasting your time on such articles", given that we know that none of these experts know much more than the average member of this forum who understands at least some basics of the market.

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.

If nothing happens, that man will bear no responsibility, like hundreds and thousands of others like him who try to catch their 5 minutes of fame almost on a daily basis. He may even be partially right that the new bull run will start in Q2, because the pre-halving effects could happen, which could result in slightly larger price movements than in recent months.

However, that big bull run that could pump the price up to $100k, shouldn't happen before Q2 2024 or later.

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October 29, 2022, 02:03:15 PM
 #22

Yes, this is the time to invest a huge amount of capital in bitcoin , and have full confident of winning something big in the future when the price go higher in the market. I guess, the price of Bitcoin will surely reach $80k in 2023 since we have few months remaining before the end of this year 2022 show that Bitcoin price will allow investors and traders to earn well from their investment, because the bear season will not long like the way it long in this year 2022 before it will increase higher to allow traders and investors smile.

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October 29, 2022, 06:42:28 PM
 #23

If I will have to choose the best time to invest in bitcoin, this is the time, I do not expect anyone to wait.
It is definitely the right decision for you and others.
The big discounts we still have today should be used to get more bitcoins. I agree that this is the best time, but some things must be considered carefully.

But for those that do not have enough, I believe there is still time for them to accumulate or to DCA.
In addition to confidence about time, investment strategies also still need to be considered. You can combine several strategies for your investment, such as DCA and the like, it will be useful if the price drops lower. DCA is recommended for any investment, but if you are sure and really want to buy it with all your capital, then it can never go wrong either.


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?
I don't know, I don't know for sure. But the odds are anything is possible even if in 2023 bitcoin could also start increasing to some degree.

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October 29, 2022, 07:25:59 PM
 #24

Yes, this is the time to invest a huge amount of capital in bitcoin , and have full confident of winning something big in the future when the price go higher in the market. I guess, the price of Bitcoin will surely reach $80k in 2023 since we have few months remaining before the end of this year 2022 show that Bitcoin price will allow investors and traders to earn well from their investment, because the bear season will not long like the way it long in this year 2022 before it will increase higher to allow traders and investors smile.
The analyst might be correct and might also be wrong that the bull run could start earlier 2023 while the halving we are expecting is somewhere 2025. But whether they are correct or not the only thing that is obvious is that this is the biuying period and bitcoin must surely rise and will definitely reach a new all-time high when the major bull run approaches after the halving.

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October 29, 2022, 11:26:23 PM
 #25

Yes, this is the time to invest a huge amount of capital in bitcoin , and have full confident of winning something big in the future when the price go higher in the market. I guess, the price of Bitcoin will surely reach $80k in 2023 since we have few months remaining before the end of this year 2022 show that Bitcoin price will allow investors and traders to earn well from their investment, because the bear season will not long like the way it long in this year 2022 before it will increase higher to allow traders and investors smile.
The analyst might be correct and might also be wrong that the bull run could start earlier 2023 while the halving we are expecting is somewhere 2025. But whether they are correct or not the only thing that is obvious is that this is the biuying period and bitcoin must surely rise and will definitely reach a new all-time high when the major bull run approaches after the halving.
Hit or miss shall we say and this is a typical thing to be said considering that we've been seeing lots of variations when it comes to price movement neither going upwards or downwards.

We might able to see some trend situations but most of the time it would really be totally random or something that has no definite reason on why the market had moved out like that way?

Majority is been eyeing now on that 4 year cycle of Bitcoin whom they do really believe that there's a high chance that we would really be significant price increase.
Neither on before or after the halving event and this is where most peoples eyes been spotting on.

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October 30, 2022, 12:11:05 AM
 #26

Spring 2023 I think is likely for a rally off the bear market bottom. The only thing keeping Bitcoin down right now is Fed raising interest rates which freaks out investors even though it doesn't actually affect Bitcoin at all. As soon as the Fed stops raising rates and signals they are done Bitcoin will launch off the bottom of the market. This probably be around March/April 2023.

I could see Fed raising rates until March and that'll keep Bitcoin in the low-20s, but when it is over Bitcoin will start heading back up again. Most of 2023 should be a bumpy ride back up, and then in 2024 with the halving approaching Bitcoin will head back to its 2021 ATH. I think by summer of 2024 we'll see new ATHs being hit and be back in a full on bull market by Fall 2024. But certainly next year, unless there's like a global economic recession, Bitcoin will start heading back up, just gotta wait for investors to stop being freaked out by everything, and that means interest rates need to stop rising.

It's pretty clear the bottom has been in since June. Bitcoin tends to scrape along the bottom of the market for numerous months during bear markets. It's been over four months so far, and would probably be over today if the Fed was already done, but the interest rate raises will continue for a few more months and that's gonna be what keeps Bitcoin down through the winter. Expect continued ranging from $18k to $22k the next few months until rates stop rising. Once that happens, get ready for Bitcoin to launch back over $30k pretty quickly, and then spend a year building up to a new ATH, and then launching into the next bull market in 2024-25.
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October 30, 2022, 02:59:07 AM
 #27

Isn’t that a repeat of 2018 pretty much. In November we crashed down to $3K and stayed there for a while. Then we ended up pumping in April or so and haven’t returned until covid crash.

It’s possible. A lot depends on this weeks fed news and the employment numbers following right after. If we see weak employment and fed pivot talk then it’s possible we might make a bottom here.

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October 30, 2022, 03:19:22 AM
 #28

At least people can hope that in 2023, the price will increase, although it is not very significant and if it happens, I think many people will be happy to see it. That means they hope to see higher bitcoin price hikes, even if they have to wait another year.

And like you, I also believe we still have time to collect or do it to DCA because the price has not decreased. And although there will be a decline, we will still get more time for DCA. This is about how prepared we are to welcome the next rally, whether it will be in 2023 or 2024 or even 2025.

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