Technical analysis reveals that the next crypto bull market run could start in April 2023 at the beginning of Q2 2023.
Bitcoin Influencer Bitcoin Archive posted an interesting tweet showing how the last 2 crypto bull markets began when Bitcoin crossed 50 on the RSI index.
Bitcoin normally moves up fast then altcoins such as Litecoin, Cardano, and Ether follow suit. Bitcoin is currently at an RSI of 45 and could cross 50 in the beginning of April 2023.
The Next Crypto Bull Run Could Send Bitcoin and Altcoins Soaring to the Moon
After a dreadful crypto winter in 2022, many cryptocurrencies have fallen well below their previous highs. That means popular coins like Bitcoin and Ether have a lot of room to soar just to meet previous highs before the next Bitcoin halving cycle in Q2 2024.
The window for cheap crypto prices may be closing soon if history repeats itself.