Crypto Markets Explode as History Repeats—Bull Run 2.0?
Bitcoin’s back above $60K, altcoins are mooning, and even your grandma’s asking about Shiba Inu again. Here’s why the charts look eerily familiar.
### The Ghost of Bull Runs Past
Same patterns, different cycle. Traders are spotting fractal similarities to 2017 and 2021—right down to the ‘FOMO buys’ and influencer pump-and-dumps. This time? Institutions are playing too (allegedly).
### Liquidity Tsunami Hits Crypto
Whales aren’t waiting for Fed rate cuts. With Tether’s printer working overtime and spot ETFs sucking in capital, the market’s swimming in cash—just like Wall Street’s 2008 playbook, but with memecoins.
### Cynic’s Corner
‘This time it’s different’—said every bagholder before the 80% drop. Bonus jab: Goldman Sachs will launch a ‘blockchain innovation ETF’ right at the top.
Historical Performance in Crypto
To begin with, it’s comforting that the “sell and go on vacation” phenomenon did not materialize in May. However, there is a noticeable decline in trading volume in cryptocurrencies. On the bright side, despite this decline, BTC managed to find buyers above $109,500. Moreover, a trade agreement with Vietnam was announced today. Tomorrow, an announcement from India is expected, followed by deals with the EU and others.
Lark Davis, assessing the historical performance for the third quarter, compared previous years to the present, suggesting that BTC could reach $140,000. This could pave the way for impressive rallies in altcoins as well.
“After each Bitcoin$109,540 block reward halving, this trend continues. Historically, BTC sees an average July increase of 15.48% and August 36.51%.”
“This equates to a total increase of ~57% in just 62 days. A 30% motion from here could take Bitcoin to $140,000.”
While history may not always repeat itself, it often rhymes. A $140,000 bitcoin target seems feasible according to historical data, especially if July sees tariff-related uncertainties resolved and encouragement from Fed rate cut announcements.
Short-Term Predictions and ETHBTC
Roman Trading, accurately predicting recent declines, consistently described this week as calm due to the holiday season. The analyst in today’s assessment reiterated that due to low volume, we won’t see significant moves in either direction this week.
“At the start of this week, I suggested approaching any BTC moves cautiously. It’s a holiday week in America, with over 50% of the workforce on vacation. This applies to both upward and downward moves. A clearer picture will emerge next week.”
The US markets recently closed, presenting TRUMP with a prime opportunity to challenge nations struggling with tariff negotiations. Tomorrow, US markets are half-day and closed on Friday. He will speak at the Americans250 event early morning and could issue challenges there or on social media. Employment data from the US tomorrow may induce volatility, contradicting Roman Trading’s anticipation.
ETHBTC is crucial for altcoin investors, with ETHUSDT surpassing $2,600 again, and ETHBTC reclaiming the 0.02360 base. If it can cross the 0.025846 and 0.02718 range, we might see gains of up to 20% in altcoins. It’s refreshing to see movement here again.
You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.