After its significant surge to $98.000, the cryptocurrency leader, Bitcoin, has experienced price consolidation, which has sparked discussions in the community about the start of the crypto bull run.

BTC price surge is related to the halving event, which is set to happen on April 20, when miners’ block reward will be halved to 3.25 BTC. Historically, this event has impacted the supply of Bitcoin and therefore, its price.

However, this year’s halving is expected to trigger not just an enthusiastic bull but rather a euphoric one. This is a massive shift that started in October 2023, gaining momentum when BTC achieved an all-time high this year.

According to analysts, this year’s bull market could be the strongest in Bitcoin’s history, with only a few minimal corrections throughout the rally, so based on these predictions, there hasn’t been a better time than now to look for the best way to buy bitcoin.

A quick history of cryptocurrency bull run

Simply put, a crypto bull run is a period where crypto assets’ price experiences a sustained upward movement. During this time, buying activity and investor confidence rise, thus impacting prices positively. The first significant bull run happened in 2012, after the first Bitcoin halving when the block reward was reduced from 50 to 25.

While Bitcoin’s profile was low back then (of double digits only), its price experienced a massive surge beyond $1,000 in 2013, raising significant interest and putting Bitcoin into the spotlight in the financial landscape. After this rise, however, BTC prices plummeted to around $200 by 2015.

The next bull run was triggered by Bitcoin’s second halving in 2016, causing its price to experience bullish behavior and jump from $430 to a staggering $750 by June 2016. Although the Bitcoin market experienced volatility at that time, the crypto asset still succeeded in surging to new highs, exceeding the $19,000 mark by December 2017.

The third most significant bull run happened after the 2020 halving, when despite the economic uncertainty, BTC price experienced a bullish momentum, reaching $15,000 in November 2020, only to be followed by an all-time high of $69,000 in November 2021.

Signs that indicate the onset of a crypto bull run this year

The substantial inflows into BTC ETFs

BTC ETFs were launched in January 2024, and since then, they have grown rapidly, achieving an impressive market cap. The large inflows that BTC ETFs have seen only indicate investors’ increased confidence and interest in Bitcoin, pointing to a bullish sentiment.

Spot ETFs allow investors to gain exposure to Bitcoin without holding the asset directly, which makes investing more convenient and allows them to mitigate risk more effectively. They are a significant development in the Bitcoin ecosystem, which has led to growing adoption by institutional investors, including asset managers and corporations, thus driving demand and, ultimately, price appreciation.  

Fear and Greed Index

The Crypto Fear and Greed Index helps evaluate the market’s mood, which is correlated with price movements. Recently, it has consistently registered above 75—in fact, it even touched 99.000 when it hit its all-time high in March. This is another essential factor that reinforces the bull run market narrative.

In fact, the fear and greed index has recently been at its highest level since Bitcoin hit its peak in 2021. When the index score is high, this indicates that investors feel optimistic and confident about Bitcoin’s future. This positive market sentiment is correlated with upward price trends.

Market experts are optimistic about this year’s bull run

Overall, market experts believe that Bitcoin’s impressive performance before the halving event is a positive sign, indicating an upward trajectory for the market. If Bitcoin maintains its momentum, it’s worth noting that this will also have an impact on altcoins, ensuring sustainable growth for them as well.

Experts also believe that the growing interest in Bitcoin ETFs will further support Bitcoin’s profitability, marking a shift towards a long-term investment approach that will extend across decades. In other words, a multi-decade bull run could be in the making.

These predictions regarding the next bull run are indeed exciting, but it’s still critical to approach them cautiously and not forget that market fluctuations can always change the direction of crypto assets unexpectedly. So, while it’s okay to be enthusiastic about potential opportunities that could arise in the crypto industry, make sure also to plan your strategy carefully.

When investing, it’s essential not to make a decision before you conduct thorough research and gain clarity on what is happening in the market. Don’t fall for the type and remember that everyone’s investing journey is unique. If necessary, don’t hesitate to seek financial guidance from a professional, because they will support you and provide you with the knowledge you need to navigate the crypto market more easily.

The bottom line

Different signs indicate a bull run is close, generating lots of excitement in the market. If a bull run emerges, investors must be prepared to capitalize on it, and in order to do so, they must set clear goals and create an investment portfolio that aligns with those goals.

Remember to invest in multiple assets as this will reduce risk and help you make the most of the opportunities that arise. When choosing an investment option, consider performance indicators such as past performance, roadmaps, and all-time highs instead of just buying an asset because someone said you should.

Also, investors tend to get greedy when crypto prices are rising, so be sure to keep your emotions in check, and avoid making irrational decisions that you might regret later.

Richard is an experienced tech journalist and blogger who is passionate about new and emerging technologies. He provides insightful and engaging content for Connection Cafe and is committed to staying up-to-date on the latest trends and developments.