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For my first article on this platform, I would like to tell you about this bullrun end date which was announced by many economists in the world of cryptocurrency.
Indeed, we have a lot of analysis which would announce an end of bullrun for September 29, that is to say in not even 1 month !
But why this day so precisely ?
Because that would be the end of open interest that would expire, a derivative of cryptocurrency trading.
Obviously, these are analyzes that are not 100% accurate but they announce the sentiment of large entities in cryptocurrency. Of course, the latter can be wrong and we can witness, in the case of a prolonged consolidation at the start of Q4 2021, a market peak during Q1 2022.
What are the price targets for bitcoin and ethereum ?
For bitcoin, a trader like Ben Armstrong, a trader with 700k subscribers on Youtube, announces a top of 180k for bitcoin while JP Morgan announces a top of 120k for the same date.
Who of the two is right? We will find out in the next few weeks :)
Regarding ethereum, the price targets are between 10k and 19k according to the analyzes on twitter youtube and those that can be found on the internet with a top during Q1 2022.
All of these predictions are made in the event that the bull run is not over and there will be a second bullish phase. We therefore notice that we will certainly have a big bullish wave during the end of the year so do not miss the train !
Market sentiment is in any case very bullish.
I did not deal with altcoins which will surely undergo the same increase as bitcoin and ethereum, altcoins being very correlated with these 2 major cryptos.
Of course, this does not indicate an end of the rise in this sector, we will surely see a more impressive bullrun at the next halving! see you in 3 years for the update :)
