The next bull-market, bullish phase, long-term bullish wave, can last between 8-14 months. Space needs to be allowed for strong variations.
➖ In one scenario, the bull-market starts in late 2024 and ends around May-July 2025, with the next big major move after the peak (new ATH) being a lower high (dead-cat bounce) on the latter part of 2025. This is the least likely scenario but still possible. It is a low probability scenario because we will have monetary expansion going to record highs in the coming years. This global devaluation of fiat currencies are set to propel the cryptocurrency market to extreme highs.
➖ A second scenario, depicts the bull-market going for an entire year, from November 2024 through November 2025. This is the classic scenario.
➖ A final and new scenario is based on the "new map." This is in accordance with current market data. This projection is extrapolated by considering how the market behaved throughout 2023 and early 2024. In this scenario, the bull-market goes for longer than fourteen months but less than twenty.
The map changed completely, so what we see happening from now on is unpredictable. We will only be able to predict future events as data comes in from the charts. We can no longer predict the future by projecting future action based on past action.
👉 All scenarios are 100% bullish. Thus, the bull-market.
There is another scenario which we are not considering here because we are mostly conservative with our predictions and projections. It is better to be mistaken on the lower side rather than on the higher side. It is better to predict 90 and the market later reaches 100, rather than predict 100 and the market reaches 80; makes sense?
➖ Super-cycle, super bull-market: In this scenario the cryptocurrency market, carrying Bitcoin and all the big and small names, moves to grow beyond the fourteen months mark. Say the market keeps on growing, for many reasons, and goes on eighteen months, twenty four months and beyond. I am seeing a total of 26 months. Something unheard off. This is something to consider.
Just as things tend to get pretty bad out of nowhere, notice that we are always seeing, hearing and sensing that the end of the world is near; it never ends, in reverse, everything can become super-awesome and mega-great for no apparent reason.
The global financial situation and the valuation of cryptocurrency as well as the evolution of consciousness can be just two of the many reasons why the market can do better than anything that we can expect. Billions of people from the unbanked joining us can also be another reason... Regardless of how you cut it, life and the world is great. Humanity is awesome.
Accumulation phase
After the 2022 bear-market, the accumulation phase lasted more than 500 days. This is obviously because of the bear-market. A bear-market is a strong, long-term correction and thus the accumulation also because long-term.
The current corrective phase is not a "bear-market" in the broader sense of the word. It is a strong correction for the recovery year, 2023. Since the wave in 2023 is many times smaller than the wave in 2021; the correction in 2024 is many times smaller than the correction in 2022. And thus, finally, the accumulation in 2024/2025 is many times shorter than the accumulation in 2022/2023.
👉 Bottom line: The accumulation preceding the next cryptocurrency bull-market should last anywhere between 3-6 months. Between 90 and 180 days.
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Namaste.