Is the bull market coming back sooner than expected?
The next few days seem to be negative for the crypto market, with the possible exception of meme coins. As for May, it could be just as dark under certain conditions. However, experts are far from worried, as the bull market could return very quickly.
At least that’s what crypto investor Raoul Pal notes. He compared the previous cycles and, despite the prevailing panic, points out that large sudden liquidations always take place after Bitcoin is halved. However, it is after them that the bull market returns with great fanfare!
A similar drop was seen in July 2016 and May 2020, just days after the halving. Previous liquidations took 4 to 7 days on average and then it took a month for the price to continuously explode towards new ATHs.
If such a phenomenon were to repeat itself, it would mean that the decline should last until next week. We would then have to wait until mid-June for the growth of the BTC price until 2025. Of course, nothing is absolutely guaranteed.
In the meantime, we’re in for some twists and turns
According to Raoul Pal, the bull market is on pause, but it is during it that the biggest surprises come for investors. Altcoin season is one of many examples, especially as the first signs of its arrival multiply.
So while Bitcoin’s fall casts doubt on the latest altcoin experts’ predictions, it may not be necessary to wait for the return of good weather to make some gains.
To learn more: Altcoin season: what is the famous altcoin season?
But beware if previous cycles repeat themselves, we will see two or three more big liquidations during this bull market. It is therefore important not to panic.
Moral of the story: we patiently beat the market’s suggestions.
Disclaimer
Disclaimer: In accordance with The Trust Project guidelines, BeInCrypto is committed to providing unbiased and transparent information. This article aims to provide accurate and relevant information. However, readers are encouraged to check the facts for themselves and seek professional advice before making any decisions based on this content.