I don't know. Actually, no one knows.
The last bull run was totally unexpected. It came out of nowhere. There was a lot of positive news about cryptocurrency boom and many people jumped on the bandwagon to get profits. But many of them lost huge amounts of money.
Considering the fact that there was a lot of losers in the December bull run, I doubt new investors will make the same mistake again. The only way another bull run could happen is if institutional money enters the crypto space.
So, based on the current market situation, I would say it is very unlikely.
The truth is nobody knows when the crypto market bull run will continue.
All we have is just speculations, mine yours and thiers.
My speculation: Fundamentally, for couple of months there have been both positive and negative news hitting Bitcoin from different angle, with one of the latest which was negative ( ETF Rejection). With the mixed news, at best we are to speculate a continuous range bound until more positive news brings us to the moon.
Technically, the market is printing a similar price action pattern that started a bullish move in the year 2014.
Bitcoin had a clean and effortless bullish move to $1200 and retraced back to $200 support with a 1 2 3.... 8 triangle like pattern(as shown in the picture above) before heading back to the $1200 point.
We are currently experiencing the same kind of move. Price moved effortlessly to the $20000 region, retraced back with the exact same move ( well not exactly 100%,"but you get the idea") to the $6000 region.
Personally, i believe the bear are losing the war and the bull are fastening their seat belt for the bull run. It may be Sept, Oct or later this year, the market has a way of showing off and we just can't enforce time on it.
The bull run is close, that is the best i can do.
...Hope this helps...
First of all decentralized technology is still new to the world. Its market penetration and adoption is still negligible.
With the passage of time as more and more people are aware of this technology, it is becoming more and more popular.
Now even many countries has started accepting this as currency and many other are in the process of adopting.
So in future a more countries will jump into it and it will gain more trust of people. Its value will also increase.
Honestly speaking, crypto has still lot of potential in it. Especially if someone is targeting it for a longer period.
But no one can guarantee that price will rise and when.
During the last few days BTC has shown shown some consolidation. We can expect small bull run but it may not be as we have seen in last year.
Well there is possibility the process can repeat itself
What do you mean by "bull run"? 1000% or 30% upwards? First one is unrealistic, the 2nd one we're witnessing now