Table of Contents
Key points
- Satoshi Nakamoto’s selfless invention Bitcoin, has hit ATH in multiple countries as it eyes $60K.
- Bitcoin’s ATH in USD is $65K a figure that is now in a close range as the coin breaches $59K levels.
- Crypto bull runs have been following 4-year cycles in tandem with Bitcoin halving cycles. The next halving cycle is on April 19th.
The crypto market is beginning to get fired up as Bitcoin price rallies eyeing its ATH. The coin has been following a rough market cycle of bulls and bears that have the halving event in the middle of it.
Bitcoin eyes $60K, $5K shy from its ATH
As Bitcoin eyes its next halving event on April 19th, it has already breached the $59K level. This remarkable performance has attracted the attention of crypto investors and influencers on X.com and attracted mixed reactions.
Owing to rising inflation rates, the coin has already breached its ATH price in multiple countries including:
- Argentina
- Russia
- Ethiopia
- Malaysia
- Australia
- China
- Indonesia
- Nigeria
- Japan
- Pakistan
- South Korea
Is the crypto bull run already here?
As mentioned earlier the crypto bull run and Bitcoin halving cycles seem to be occurring together. This time, the market is reacting in a similar manner.
While it’s still not promised that the bull market has already begun, Bitcoin always precedes ALTs’ season and now, it has received almost ATH inflows of funds. To add to the sum, there is an influx of dollars following into the Bitcoin market indirectly via ETFs. This particular set of events makes it almost believable that the upcoming bull run will be the biggest one yet.
If that happens. The crypto market will have endured one of the biggest crypto winter and bear market that began in 2021 ending 2024. In these two years, multiple companies went bankrupt and the crypto market shed a value of almost $2T.
While these views have market history backing, it’s not promised that this time it has to play out in a similar way. A black swan event could happen and reverse the market sentiments. Please do your own research before investing and remember to avoid FOMO.
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