When Can Traders Expect the Next Crypto Bull Run – Analyst Predicts Timeline

The year 2022 has been a rollercoaster ride for the crypto space, especially for Bitcoin. In the past year, the flagship currency has been dragged down to nearly $15,500 before making some upward momentum. 

However, with the start of 2023, a popular crypto analyst and host of InvestAnswers, James Mullarney, believe the new year will be favorable for Bitcoin. In a recent strategy video, the analyst predicts that the cryptocurrency will enter its next bull run in the second half of the year. 

While the prediction is bullish, the analyst also notes that although Bitcoin has had its worst days in 2022, it can’t stay there forever because he believes the accumulation is increasing while the supply is decreasing.

Ethereum To Attract Stakers

Mullarney also discusses Ethereum and states that while the asset is set to unlock staking in March, this will attract more institutions and organizations to lock their stakes. The current stakers will receive nearly 5% annual interest for staking their ETH. Hence, the analyst believes that with the Beacon chain getting enabled in March 2023, more stakers will get in.

On the other hand, the host also claims that the present stakers have waited for more than six to nine months to receive their staked ETH. Hence, he says that the stakers are expected to sell their ETH, which will see immense selling pressure. 

Furthermore, the analyst is of the opinion that once the selling pressure settles, the network will see more stakers, especially from institutions who are looking forward to grabbing that 5% of their staked ETH, which is predicted to increase in the days to come.

Meanwhile, as the two largest cryptocurrencies are all set to mark their next bull run, at present the currencies are struggling to grab some bullish momentum. 

At the time of publication, Bitcoin is trading at $16,739 with a surge of 1.07% over the last 24 hours. On the other hand, Ethereum has managed to gain 1.72% in the last 24 hours and is now trading at $1,217.