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The Bitcoin market has always been the focus of investors. According to the latest market analysis, this bull run came to an end on July 14, 2023, lasting 966 days. This cycle is significantly longer than the previous one of 588 days, indicating a change in market structure.
From the perspective of historical data and wave theory, the next major bull run may not start until 2033. At that time, the price of Bitcoin is expected to reach new heights between $135,000 and $183,000. This prediction is based on a comprehensive analysis of current market trends and historical patterns.
However, we must recognize that predictions in the cryptocurrency market are filled with uncertainty. Different analytical methods may yield different conclusions. Therefore, investors should consider multiple pieces of information and viewpoints when making decisions.
Additionally, it is worth noting that although the Bitcoin market may enter a correction phase, the entire cryptocurrency ecosystem continues to develop. For example, Ethereum ETFs have seen net inflows for 12 consecutive weeks, indicating that institutional investors' interest in crypto assets remains strong.
Overall, the long-term outlook for Bitcoin remains positive, but investors need to be patient and always follow market dynamics. In this rapidly changing field, obtaining accurate information in a timely manner and maintaining rational analysis is crucial.