Experts Signal Imminent Bitcoin Rally, Brushing Off Bear Market Concerns

CryptoCon confidently predicted an imminent bull market for Bitcoin, downplaying concerns of a recession or prolonged bear market.

In a recent statement, CryptoCon emphasized its analysis, which signals that Bitcoin is in a mid-cycle correction and setting up for a significant price spike.

The company pointed out that similar patterns have been seen in previous Bitcoin cycles, namely in September 2012, 2016 and 2020, just before major bullish periods. Despite the recent market volatility, CryptoCon believes that Bitcoin is about to enter another bull phase.

“A bull market for Bitcoin is in order, plain and simple,” the firm said, citing “Puell Multiple” phases as evidence that Bitcoin is close to a true bull run.

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CryptoCon also pointed to Bitcoin’s halving cycles, stating that according to the theory of them, the next “red year” – which usually marks the beginning of a bull market – will begin after November 28, 2024 and last until November 28, 2025.

The bull market for #Bitcoin is next, plain and simple.

Not a recession, not a bear market, or any other doom and gloom price action.

The phases on Puell Multiple make it abundantly clear that we are in the midst of the mid-top correction which comes just before the true bull… pic.twitter.com/6cCi6xymnP

— CryptoCon (@CryptoCon_) September 21, 2024

Alexander Zdravkov