The Crypto Bull Market Is Here Now?!

The video discusses whether or not the crypto bull market is currently happening, analyzing historical data, expert opinions, and potential factors impacting the development of Bitcoin.

This video by Brian Jung was published on Jul 7, 2023.
Video length: 10:09.

The video discusses whether the crypto bull market is currently happening or if it is yet to come.

It mentions that Bitcoin has exceeded expectations in 2023 by surging 86% since the beginning of the year, attracting institutional money. The video explores historical data and opinions from traders and experts in the industry to analyze the current state of the market. It also mentions the possibility of a Bitcoin ETF and its potential impact on the market.

The video concludes by discussing forecasts and predictions for the future of Bitcoin, based on historical data and market trends.

• Bitcoin has surged 86% since the beginning of the year.
• Institutional money has been attracted to Bitcoin.
• BlackRock CEO describes Bitcoin as an international asset and emphasizes its potential as a digitalized form of gold.
• BlackRock has reapplied for a spot Bitcoin ETF, which could trigger a bull run.
• The upcoming Bitcoin halving event in 2024 is expected to start the next bull market.
• Bitcoin's price action in previous bull markets suggests that it could climb up to $123,000 over 12 months or even $310,000 over 18 months.
• The US labor market showed strength and resilience with a surge of 497,000 new private sector jobs in June, surpassing expectations.

The Crypto Bull Market Is Here Now?! - YouTube

Bitcoin's Performance in 2023

• Bitcoin has surged 86% since the beginning of the year.
• Institutional money has been attracted to Bitcoin.
• Questions arise about how long this rally will last.

Expert Opinions on the Crypto Bull Market

• BlackRock CEO describes Bitcoin as an international asset and emphasizes its potential as a digitalized form of gold.
• BlackRock has reapplied for a spot Bitcoin ETF, which could trigger a bull run.
• Coinbase is mentioned as a potential partner for several ETF applications.
• SEC's stance on the necessity of a regulated market for Bitcoin has evolved.
• Binance CEO CZ believes Bitcoin's price will continue to move in four-year bull cycles.

Potential Factors Impacting Bitcoin's Development

• The upcoming Bitcoin halving event in 2024 is expected to start the next bull market.
• Matrix Port predicts Bitcoin will rally to $125,000 per coin by the end of 2024.
• Bitcoin tends to enter multi-month bull markets after confirming the end of a bear market and setting a new 12-month high.
• Bitcoin surpassed the $31,000 mark, indicating the end of the bear market.
• Historical data shows Bitcoin's performance in the months after the end of the bear market signal was triggered.

The Crypto Bull Market Is Here Now?! - YouTube

Bitcoin's Potential Bull Market

• Bitcoin's price action in previous bull markets suggests that it could climb up to $123,000 over 12 months or even $310,000 over 18 months.
• Currently, Bitcoin is sitting at around $30,000, but it made a one-year high of $31,500 recently.
• The short-term charts indicate that Bitcoin could consolidate and have a minor dip in the next few days.
• Investors who bought in at the bottom of the market around $16,000 would be up almost double on their investment.
• The direction of the market and the economy will determine the future of Bitcoin.

US Labor Market and Economic Recovery

• The US labor market showed strength and resilience with a surge of 497,000 new private sector jobs in June, surpassing expectations.
• This suggests a minor market recovery and economic expansion.
• The official jobs report from the Department of Labor and Statistics will have a bigger influence on investor decision-making compared to the ADP employment report.
• The US economy's performance and recession outlook will impact the market.
• Positive economic growth could lead to continued market performance.

Market Outlook and Investment Strategy

• The markets have been performing well, both in stocks and crypto, over the past month.
• If there is no cool down period at the end of summer, it could indicate a strong market recovery.
• Investors should do their own financial research and invest in a manner that allows them to tolerate market volatility.
• The direction of the market depends on the health of the economy.
• Consider the progress of the market and the economy before making investment decisions.

Additional Information and Resources

• Follow the YouTuber on Twitter, Instagram, and Threads for more updates.
• Join the exclusive community on Patreon for access to a Discord group, buy and sell alerts, and market reports.
• Check out the offers from Coinbase, MooMoo, and Weibo for potential benefits and free stocks.
• Coinbase offers up to $200, while MooMoo and Weibo offer up to 20 or 30 free stocks.
• These platforms are registered and insured through the FDIC for protection.

Watch the video on YouTube:
The Crypto Bull Market Is Here Now?! - YouTube