Is the Crypto Bull Run market back?

The cryptocurrency market has had an interesting beginning of the year in 2024, with analysts foreseeing a bull run. Despite the fact that 2022 was chaotic, and 2023 being relatively calm, people are ready for the next crypto bull run market.

The cryptocurrency market is highly volatile. Over the years this has had an impact on investors and enthusiasts who are in anticipation of the market situation. As signs marking the end of the bear run crypto market are showing, everyone is looking forward to the next crypto bull run market.

However, there are speculations from experts and crypto enthusiasts that the bull run market might be closer than we think. In fact, some suggest that it is already here. But is it already here?
In this blog post, we will explore what signals and triggers to look out for as well as what factors should be taken into account in the case of this potential bull run.

Features of a bull run market

The crypto bull run market has several peculiarities which makes it unique. These peculiarities are what helps traders and enthusiasts to prepare for what is coming. A bull run market is characterized by:

• Sustained price increases: this is represented by a prolonged upward trend in cryptocurrency prices, with minimal pullbacks. This is a long-run rising market or a market without significant downtrends at least over long periods of time.
• Increased trading volume and market liquidity: Increased use of assets for transactions by individuals and businesses around the world. Also, the growing trading activity and market liquidity, is an indicator of the heightened investor interest.
• Growing investor confidence and sentiment: Increased confidence in the market and the corresponding plans to maximize it.
• Improved fundamentals: The advancement made in adoption, measures that have been implemented, and technological advancement realized.
• Rising interest from institutional investors: more big crypto investors making huge shifts in their investments towards the crypto market.

Triggers for this crypto bull run market

There are several factors that may trigger the looming bull run market in summer 2024. These factors are not predictable factors. They can be as huge as socio-economic and even political factors or narrow like the investors involved.
Several factors suggest a bull run might be underway. These include:

• Bitcoin’s volatility: For a long time, there has been a significant amount of low volatility of Bitcoin. Large price changes, frequently in an upward direction, have historically followed periods of low volatility in the Bitcoin market.
• Institutional investment: New sources of funds are emerging from hedge funds & family offices, pension funds etc. Black Rock and Fidelity and other firms are coming out with crypto products.
• Global economic uncertainty: Currently, investors such as BlackRock have run to safe-haven assets, such as Bitcoin, due to inflation paranoia and geopolitical crises. This creates a huge demand for Bitcoin as such, the demand outweighs the supply and increases the price. When Bitcoin increases, other cryptocurrencies follow suit.
• Increased liquidity and utilization of Bitcoin: this is another very important trigger for the commencement of the bull run market. All over the world, there is a major involvement of individuals in the use of Bitcoin for transactions. This is the perfect scenario for the occurrence of a potential price surge.
• Political shifts: a marketing expert, Fred Krueger, in his take on the speculated crypto bull run market suggested that the results of the US presidential elections may affect the market. In his opinion, the result of the election may positively affect Bitcoin policies in the country. This can then favour the bull market.

Furthermore, historical evidence indicates that post-election cycles typically correspond with notable market activity. This supports the assumption that a price appreciation will happen in light of the impending U.S. presidential election.

What to watch out for

Just like every crypto bull run market, there are some things that you need to watch out for in this bull run market. This is to ensure the safety of your assets and help you to gain massively from the bull run.

While signs point to a bull run, keep these essential considerations in mind:

• Volatility: cryptocurrency markets are often volatile, so do not expect that market trends could not sharply shift. Fluctuations of up to 10-20% are not unusual. Therefore, you must be dynamic enough to accommodate these changes.
• Regulatory changes: Fluctuations in public policies might affect the market situation overall. These regulation changes may be good for monitoring the crypto market and keeping it in check.
• Security concerns: Do not use untrusted exchange platforms or wallets. Ensure to use wallets that have good security practices such as 2-Factor Authentication.
• Market manipulation: Pay attention to whales and pump-and-dump scams and avoid them.
• Fundamental analysis: this is a huge part of the crypto market you must pay attention to. Look beyond the price fluctuations and pay very good attention to the essence of the projects which includes the team, technology, utilization. This would give you a better understanding of what you are going into and would help you avoid scams.

Conclusion

The crypto bull market is looking promising with a huge surge in the price of Bitcoin due to several factors. Is it here yet? Not yet but it is definitely around the corner. There are signs pointing to it.
However, we must remain cautious and analyze trade signals to get fully prepared for the crypto bull run market. While this might sound like a huge task, technology has made it easier to do this. The Openfabric AI CRYPTO TRADING BOT, can assist in getting trading insights and analysis with pro accuracy. However, it still needs an additional fundamental analysis from the trader to be effective.
Visit our WEBSITE to explore this tool and stay glued for more updates on the crypto bull run market.