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BTX Insights | How far can the Bitcoin bull market go? Will Microsoft's proposal be a turning point?

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BTX
12-09
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As the Bitcoin bull market cycle approaches a critical juncture, the market is focused on two core issues: how long can the bull market continue? Will Microsoft's upcoming Bitcoin asset proposal vote become a catalyst for a new round of market sentiment? This article will analyze historical data and market dynamics to provide in-depth insights on how investors should position themselves for potential future opportunities.

1. The cyclical pattern of the Bitcoin bull market: Is a critical moment approaching?

The trend of extending Bitcoin bull market cycles has become a market rule:

2011-2015: 750 days;

2015-2018: 845 days;

2018-2022: 1060 days.

Currently, the 4th bull market has lasted 746 days. Based on the historical pattern of cycle extension, the market may reach its peak within the next 10 months. The extension of the cycle reflects the changing structure of market participants - from retail-driven to institutional involvement, accompanied by the influx of more long-term capital.

2. Slower returns, but a clearer growth logic

Compared to the previous three bull markets, the current returns have declined, but still exhibit strong growth potential:

First bull market: 621x gain;

Second bull market: 100x gain;

Third bull market: 22x gain;

Current bull market: 6.7x gain (as of now).

The slowdown in returns reflects the gradual establishment of Bitcoin's long-term value positioning as "digital gold". Against the backdrop of persistent global inflation and a weakening US dollar, Bitcoin's anti-inflation and hedging properties are increasingly favored.

3. Altcoin market: Catch-up opportunities in the Bitcoin bull market

According to historical patterns, the Altcoin market typically experiences a catch-up rally in the later stages of a Bitcoin bull market:

2021 bull market: Ethereum surged over 33x, and projects like Solana performed even more impressively;

Current stage: The Altcoin market has gained 3.7x, but still has significant catch-up potential.

Particularly in technology-driven assets, Solana (SOL) has become a market hotspot due to its low-cost and high-performance advantages. Its continuously expanding ecosystem may drive further upside during this bull market.

4. Microsoft proposal and policy support: New momentum for Bitcoin?

The upcoming Microsoft shareholder proposal may bring a new turning point to the market. According to the proposal, Microsoft may evaluate allocating 1% of its assets (about $780 million) to Bitcoin. If the proposal is approved, this will be another tech giant, after Tesla, to include Bitcoin on its balance sheet.

Meanwhile, other policy signals are also boosting market confidence:

•The Trump administration appointed David Sacks as the White House's cryptocurrency affairs representative, who has expressed strong support for Solana;

•Bitcoin ETFs from financial giants like BlackRock have attracted nearly $10 billion in inflows since November.

These factors not only enhance the market's confidence in Bitcoin's mainstream adoption, but also create conditions for continued capital inflows.

5. Investor focus: Positioning in Altcoins and policy dividends

Considering historical patterns and market dynamics, investors should focus on the following areas in the next 10 months:

  1. The medium-to-long-term value of Bitcoin: The bull market cycle is not over, and policy and institutional support are the driving forces for its continued rise;
  2. The catch-up potential of Altcoins: Technology-driven assets (such as Solana) may experience a breakout after Bitcoin stabilizes;
  3. The market impact of the Microsoft proposal: If approved, it may inject significant buying power into the market.

Conclusion

The Bitcoin market is at a critical juncture, and Microsoft's upcoming shareholder vote may become an important catalyst for the bull market. At the same time, the potential breakout of the Altcoin market and the positive policy support provide new opportunities for investors. For investors who focus on market cycles and data, this is a key moment to re-evaluate their investment strategies and position themselves for future gains.

The above content is from public market information and is for reference only, and does not constitute any investment advice. The cryptocurrency market carries high risks, and investment requires caution.

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