Many people feel left out by rising crypto prices. The market has also been growing steadily in recent months, adding more than $530 billion since October 1st. The most important cryptocurrencies Bitcoin (BTC), and Ethereum (ETH) represent strong bullish cases, with the latter gaining 62% to $43.77-7 and the former gaining 40% to $2,350 over the same period.
Blue chip altcoins consisting of tokens like Solana (SUN), Chain link (LINK)And Cardano (ADA) have also grown by double digits, indicating the start of the altcoin season.
This article looks at the leading digital assets on the market to help investors assess whether now is the best time to buy Bitcoin or if it is too late.
Navigating the Bitcoin Bull Run
Bitcoin price has outperformed all other global markets, posting a 163% increase, compared to year-to-date growth of 20% in the S&P 500. Investor interest remains high despite various forces both internal and external affecting the industry.
The implosion of Sam-Bankman Fried's FTX exchange in November last year could have destroyed the market, but that was not the case. But it opened a can of worms as regulators in the U.S. and around the world struggled to close any loopholes they seemed to have overlooked in the name of investor protection.
The Securities and Exchange Commission (SEC) launched endless attacks on companies and projects in the industry, while also putting pressure on crypto figures like former Binance CEO Changpeng Zhao (CZ).
Despite all the ups and downs, Bitcoin price seems to have the upper hand, especially with the recent move that ended just shy of $45,000. This sudden rise in BTC is welcome for investors, but especially for those who bought in early, for example under $30,000.
For some investors, however, the price surge is a wake-up call – more of a warning that they could miss the bull market entirely.
This brings us to the question; Is it too late to buy Bitcoin in December? The answer to this question is simple: “NO.”
The predictions for the next bull market are extremely high bullish picture for Bitcoinconsidering it's getting closer Spot ETF Approval catalyst and the halving in 2024.
According to analysts like Rekt Capital, Bitcoin is not even close to the bull run if history is anything to go by. Based on four-year cycles, “the next bull market peak could occur 518-546 days after the halving,” which is expected in April 2024. In other words, the next bull market could peak around mid-September or mid-October 2025.
In another post on X, the analyst figuratively showed how Bitcoin's four-year cycles develop. In his opinion, the bear market is behind us and the bull market is about to begin.
Rekt Capital is not alone in believing that the market is in the early stages of a bull run. @Cryptographur said in an analysis shared on
Bitcoin Price Prediction: Will BTC Surge to $50,000 in December?
Bitcoin's rally can be attributed to the hype that preceded the likely launch of Spot ETFs in the USAwhich, according to Bloomberg analyst Eric Balchunas, marked a window between Jan. 5 and Jan. 10 during which the highly anticipated investment products would hit the market.
Meanwhile, traders are worried about the resistance at $45,000 preventing Bitcoin from closing the gap to $50,000. Blockchain analytics firm Santiment noted that traders fear that the current price fluctuations could push the market into a bull trap.
Bitcoin price chart | Trading view
Although Bitcoin pauses the uptrend below $45,000, Santiment believes that “FUD could push BTC to $50,000 if it rises.”
Even though Bitcoin is up 163% year to date, that doesn't mean this is the peak or that it should be too late to buy into the leading digital asset. The best approach to investing in Bitcoin is to learn the DCA method, which allows you to buy at different price levels and find the average price. As Bitcoin price rises into the bull market, investors can compare the return on investment using the average purchase price.
Disclaimer: This is not financial advice. It is important that you do your own research (DYOR) before investing in any asset.
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