Analyst Expects Strong Crypto Market Phase for Another 12 Months
An analyst from The House of Crypto believes that the current strong phase of the cryptocurrency market could last for up to 12 more months. He states that the economy is the main factor influencing developments in the crypto world and questions the traditional 4-year cycle. The analyst does not view the recent price drop as the end of the cycle, but rather as a temporary setback. He compares the current situation to late 2020, when a strong period for Bitcoin followed. According to him, Ethereum is performing better than Bitcoin and has gained ground since early June. This could indicate a new phase in the market. The analyst emphasizes that economic activity and the availability of money in financial markets are crucial for crypto prices. He expects that after the current growth phase, a bear market will follow, raising questions about the relevance of the 4-year cycle, which is often linked to the Bitcoin halving.
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