Bitcoin Bull Run Predicted to Last Until 2025 Despite Recent Dip
The longest bull run in history for Bitcoin, Ether, Solana, Cardano, Shiba Inu, and XRP is predicted to be underway, according to a key market player. Despite Bitcoin's recent fall below $90,000, which caused investors and traders to panic, the bull run is far from over.
On-chain indicators have remained positive, prompting Bitcoin analyst Ki Young Ju to make a fresh bullish prediction. "I expect this to be the longest bull run in history, but I could be wrong," Ju writes in a post shared on X. He argues that only another bearish development can force the bulls to take a backseat.
According to historical market patterns following the two-year cycle, the current Bitcoin bull market is poised to last until April 2025. As such, the coming months remain crucial for BTC bulls to target $100,000.
While Bitcoin dangles at $94,725, the analyst caps the downtrend at the $77,000 price mark, stating that the chances of the asset dropping to that level appear to be low. However, a consolidation around $77,000 might be recorded before the market makes an upward correction.
Per the Bitcoin fear and greed index, the market is showing extreme fear at this time. Meanwhile, as displayed in the 4-hour chart, a short-term rebound is in view for the apex cryptocurrency as the asset builds support around the $90,000 price level.
At the time of this report, Bitcoin is valued at $94,915 per coin, and is up by 12% over the past week.
