The crypto market exploded, and it’s been just revealed that the total market cap just hit $3 trillion.
Bitcoin continues its bullish moves, and at the moment of writing this article, BTC is trading in the green, and the king coin is priced at $65,787.
The BTC bull run will reportedly continue in 2022 as well, according to an important crypto analyst.
Bitcoin bull run to continue next year
Crypto strategist and trader Benjamin Cowen says he believes Bitcoin will continue its bullish moves into 2022.
In a new strategy session, he said that Bitcoin is in a massive reaccumulation range.
“This is where we started, right around $28,000, $29,000… That was the beginning of 2021. And then so far, what have we done? Not a whole lot, right? Could we finally break out of it as we get into the end of the year? Yeah, it’s certainly possible.”
He continued and said the following:
“But look: I don’t think 2021 for Bitcoin is going to go down as a parabolic rally year in the sense that we spent most of the year going sideways.”
He said that Bitcoin holders will probably not get excited over gains of about 2x.
“You take a look at what’s happened in 2021 for Bitcoin, a whole lot of nothing. We’ve more or less just been in this range of approximately 130%. I guarantee you most Bitcoiners don’t get out of bed for a 130%.”
He called 2021 “The Great Accumulation Year” for Bitcoin. He said that BTC will stretch out its bull cycle into 2022.
“based on all the data that I look at, that the cycle should lengthen into 2022 at the very least. And that when I look at this (2021 range), I just say, ‘You know what 2021, for the most part, has been a long reaccumulation year.’”
Stay tuned for more exciting news and keep your eyes on the crypto market.