Analysts predict the “biggest” and “craziest” bull run yet as Bitcoin struggles to stay above $55,000

Cryptocurrency analysts are predicting a monumental bull cycle for bitcoin and the broader cryptocurrency market, even as btc struggles to stay above $55K.

Upcoming rate cuts by the U.S. Federal Reserve, a weakening economy and increased global liquidity from China are all contributing factors to what could be the “biggest bull cycle in history,” according to renowned trader and analyst Michael van de Poppe in a Sept. 8 article. x.com/CryptoMichNL/status/1832784788278624552″>Post on x.

Pseudonymous analyst Kaleo shares this bullish outlook, telling his 646,000 followers on x that the market could soon enter its craziest bull cycle yet. Both analysts agree that current macroeconomic conditions are setting the stage for a historic run in the cryptocurrency market.

<img decoding="async" src="https://technicalterrence.com/wp-content/uploads/2024/09/Analysts-predict-the-biggest-and-craziest-bull-run-yet-as.jpeg" alt="Why do investors think bitcoin is ready for a comeback? | Fintech Nexus”/>

bitcoin could fall to $45,000 before entering a 2-year bull run

Commenting on short-term price movements, van de Poppe said that “liquidity was taken and bitcoin is climbing again” to over $54K. He predicted that btc could rise to $55.5K before “final corrections,” which could lead to the cryptocurrency dropping to as low as $45K to $50K.

But after that, the analyst sees bitcoin entering a two-year-long uptrend.

Cryptocurrency Investor feeling There is currently fear, according to the crypto/fear-and-greed-index/”>Cryptocurrency Fear and Greed IndexAfter falling 3 points in the last 24 hours, the index currently stands at 26.

Van de Poppe said the last time the index was this low was during the FTX collapse. Back then, investors were right to question the future of cryptocurrencies and the Web3 space in general, the analyst said.

Now, however, he believes btc is in a “pro-crypto climate from macroeconomic perspectives.”

Kaleo sees “the craziest bull market yet”

Pseudonymous analyst Kaleo told his 646,000-plus followers on x that the market could soon enter its “craziest bull market yet.”

<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”12.422535211268″>

I 100% disagree.

We've barely started this cycle and we've already had some amazing meme movements that were highly entertaining (although they eventually got a little stale), fun dapps to keep us busy, and a solid airdrop farm every couple of months.

Last cycle in this era… https://t.co/Di77OOOm3Q

— KALEO (@CryptoKaleo) twitter.com/CryptoKaleo/status/1831906531924746748?ref_src=twsrc%5Etfw”>September 6, 2024

“We’ve barely started this cycle and we’ve already had some amazing meme movement that was entertaining,” he said. There have also been “entertaining dapps that have kept us busy and a solid airdrop farm every couple of months.”

If this early activity is a sign of things to come, then btc and the cryptocurrency market could be gearing up for the biggest bull run yet, Kaleo said.

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