Shiba Inu's CMO predicts when Bitcoin's bull run will begin

Shiba Inu’s CMO, LUCIE, has weighed in on the debate about bitcoin’s bull run and when it is likely to start in full force. She uses the legendary bitcoin post-halving rally that often even marks the beginning of a new bull run. Based on historical performance, the market could be heading for another notable bull run after the halving in 2024.

Mapping bitcoin's Post-Halving Rallies

In a post on the x platform (formerly twitter), Shiba Inu marketing executive LUCIE told her 144,000 followers when she expected the bitcoin rally to begin. The post points out previous bull cycles and the length of time it took for the rally to begin after each bitcoin halving.

For starters, after the first halving in 2012, it took almost a year for the btc price before the reduction in supply volume triggered an uptrend. The result was a prolonged bull market that took the bitcoin price to new all-time highs. Then, in 2016, the market witnessed a similar move.

The 2016 bitcoin halving marked a shorter period of time before the post-halving bull market. Unlike the previous bull market in 2021, the 2016 bull rally began just six months after the halving was completed. In 2020, a similar trend would occur, with btc’s upward price movement beginning around 5 to 6 months after the halving.

If this established timeframe is used, it would mean that the bitcoin bull market is only a couple of months away. If the six-month average and the fact that the bitcoin halving occurred in April 2024 are used, this would place the start of the next bull cycle around October 2024.

However, Shiba Inu’s marketing manager warns investors that it is not an exact science, as other factors can affect the price. “The market is influenced by many things (adoption, macroeconomic trends, sentiment), but the pattern is hard to ignore,” she concluded.

CALM DOWN

Is the next bull rally just a few months away?

bitcoin’s past tells an interesting story: major bull events usually follow their halving events, but it’s not instantaneous – there’s usually a waiting period. Historically, we’ve seen that surge happen 4-6 months after the event. photo.twitter.com/tD8B2uZMnY

— LucieSHIB (@LucieSHIB) twitter.com/LucieSHIB/status/1826613685449576758?ref_src=twsrc%5Etfw” rel=”nofollow noopener” target=”_blank”>August 22, 2024

btc bull market could push for new ATHs

Despite the nasty drop that rocked the market in early August, bitcoin price is still at a high enough level that a 30% push from here would put it at a new all-time high. Therefore, if btc price holds this level and the uptrend begins within a few months as predicted, then a new all-time high could be on the horizon.

At the time of writing, the bitcoin price is still holding above $60,000, recording losses of 1.72% over the past 24 hours. However, it is still recording gains of 5.58% on the weekly chart.