Crypto Bull Run 2021 Over. Specifically, bitcoin entered 2021 at just over $29,000 and continued to rise to $41,900 on january 8th. Although people and institutions are worried about the future of this cryptocurrency, there are a few reasons to highlight why this bull run isn’t the same as that of 2017.
One of the biggest reasons many experts say that 2021’s bull run will be different is investment institutions’ involvement. As crypto awareness and adoption continues to grow, crypto. Of course, after each major correction, a lot of cryptocurrency enthusiasts wonder if this is the end of the run and if bitcoin is dead, again.
Decreasing bullishness over the course of a long bull run might signal that it runs a bit out of steam.
By 2021, after rising at $0,2572 on 5 january, the coin was the biggest. However, the macro level bull market can still continue until the sentiment turns bearish. Looking on a more macro scale, it’s safe to conclude that bitcoin has been in a state of a bull run since early october. Let’s analyze previous bull rallies and how bitcoin price behaved in the past to see if this run is over…