When will Bitcoin rise? In search of the bull run

On April 20th, the time had come and in the blink of an eye it was over again: the fourth Bitcoin halving. On this day, the rewards for Bitcoin miners were halved from 6.25 BTC to 3.125 BTC. In the past, this event was always accompanied by a bull market – i.e. rising prices. Unfortunately, the crypto market has not reacted quite as expected so far. Instead of bringing rising prices, the market corrected sharply in recent weeks after Bitcoin reached a new all-time high of around 73,000 US dollars in the run-up to the halving on March 14th. Of course, the falling market capitalization immediately brought the crypto death prophets back into action, who (once again) predicted the end of all coins.

The Bitcoin bull run won’t happen overnight

First things first, due to the high volatility, price fluctuations in the range of 5% to 15% are completely normal on the crypto market. These can certainly make crypto beginners sweat with fear and perhaps tempt them to take rash actions. There is no one reason why the Bitcoin price and total market capitalization are not currently developing as desired, as several factors are probably coming together at the moment. For example, there is the profit-taking by traders from the past few weeks and one or two long positions have probably been liquidated. These probably included some Bitcoins. Added to this is the continued high inflation in the USA, which is also having an impact on the financial markets. But investors are becoming a little bolder again. In the last 24 hours, the total market capitalization of cryptocurrencies has risen again by 3.18%.
The big, quick Bitcoin bull run, where the price suddenly jumps to over 100,000 US dollars overnight and there are lots of new overnight BTC millionaires, is unlikely to happen. Instead, you should have a little patience, which can be richly rewarded under certain circumstances.

A quick look into the past: After the last halving in May 2020 (price around 9,000 US dollars), the price of BTC only rose to its then all-time high of around 68,000 US dollars in November 2021. The second Bitcoin halving took place in 2016. At that time, a coin cost around 650 US dollars. In December 2017, the price then rose to around 19,700 US dollars.

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