Introduction:
Signs Pointing to the Continuation of the Crypto Market Rally;
In these highly volatile days for the cryptocurrency market, one of the most frequently asked questions is: Has the bull run come to an end, or is it still ongoing?
The short answer is: No, the bull run is not over yet. In this article, we’ll go over several key indicators that suggest the upward trend still has momentum.
1. Bitcoin Hasn’t Reached a New All-Time High Yet
In previous bull runs, Bitcoin typically paved the way by hitting new price records, which in turn sparked major rallies in altcoins. Since Bitcoin has yet to surpass its historical peak, it’s fair to say there’s still room for upward movement—and the bull market is still alive.
2. Bitcoin’s Halving Just Happened
The latest Bitcoin halving occurred in April 2024. Historically, it takes about 15 to 18 months after a halving event for Bitcoin to reach new highs. Because halving reduces the supply of new Bitcoin entering circulation, it often leads to price increases in the months following the event.
3. Institutional Capital Flowing in via ETFs
The approval of Bitcoin ETFs has opened the door for large-scale institutional investors to enter the crypto space. These inflows can contribute significantly to long-term market growth, providing fresh momentum to sustain the bull run.
4. Trading Volume and On-Chain Activity Remain Strong
On-chain data shows that wallet activity, user engagement, and transaction volume remain at high levels. In true bear markets, these metrics typically drop sharply. The current sustained activity suggests the market still has a bullish undertone.
5. The Altcoin Season Hasn’t Fully Begun
In many past bull cycles, Bitcoin leads the rally first, followed by a strong surge in altcoins—commonly referred to as altseason. Since many strong projects have yet to experience major price jumps, it’s likely that the altcoin rally is still ahead of us, signaling further upside potential.
6. Market Psychology: FOMO Hasn’t Kicked In Yet
Real bull runs often reach a stage where the general public experiences FOMO—Fear of Missing Out—and rushes into the market. Right now, many retail investors and media outlets remain cautious. This indicates that the euphoric phase of the bull market has not yet begun, and more growth may be on the horizon.
Conclusion:
Looking at these key indicators, the crypto market appears to still be in a bullish phase. So, to answer the original question—Is the bull run over?—the answer is clear: Not only is it not over, we might only be halfway through.
Alex N.
Crypto and Macro-Economy Consultant
