Here are two scenarios showing when next bubble on Bitcoin can take place. Personally, I am convinced of the optimistic scenario. We already had 3 large bubbles in 2011, 2013 and 2017. Probably more will be created. I believe that blockchain technology is develops and the infrastructure related to cryptocurrencies is growing all the time. Since 2017, many new exchanges have been created, many Bitcoin ATMs and despite the bear market, we now have a much better situation allowing the occurrence of a bubble than then. Now the market is much more developed. In my opinion, the pessimistic scenario is promoted to induce declines in the market and I only show it to you as a curiosity that I do not believe myself.

All previous bubbles began with a slow upward trend. Always strong increases appeared after reducing the prize for Bitcoin miners called halving (occurring every 4 years). Currently, miners receive a block award in the form of 12.5 BTC. On May 25, 2020, another halving awaits us, after which the prize for the block will fall to 6.25 BTC. This means that half of the less-dug cryptocurrencies will be sold on the market. This will increase the rate of price increase and will probably start the creation of a new bubble on Bitcoin. We observe longer and longer intervals between bubbles and an increasingly smaller percentage increase. In my opinion, the bubble will appear at the end of 2022 and will be $100,000/BTC.

Many factors indicate that the upward trend is already beginning. This is confirmed by the intersection of the so-called golden cross, a reflection from the upward trend line and RSI in the bull zone. How huge and strong we have now the market shows a daily volume chart. As you can see in the chart below, the 24-hour volume on the cryptocurrency market is currently higher those from December 2017. We can only imagine how huge the next bubble will be. For 2 years, despite the downward trend, the cryptocurrency market has developed significantly. It remains to wait and observe the development of events.

As for the pessimistic visions, some people think that the bubble from 2017 was so big that the next one will not happen, or we will wait a long time for the next one. Kevin Dennean, an analyst at UBS, believes that Bitcoin will come back at the price levels from 2017 only in 20 years! His forecast is based on the analysis of bubbles on other classic markets. However, the cryptocurrency market has already surprised the analysts many times and probably the bubble on BTC will take place sooner than in two decades. As a curiosity, I show you a controversial graph of the future of Bitcoin according to a crazy TradingView user.