We've been in a bear market for more than two years, with all cryptocurrencies losing more than 70% of their value. Bitcoin's price was around $60K two years ago, but it is now down to $26500, a drop of more than 70%. This figure is based on Bitcoin, but what about other cryptocurrencies that have dropped by more than 100%?

ONE YEAR CLOSER TO THE BULL RUN?

But we all know that every cycle has both a bull and a bear market, and the bear market is not meant to last long, and every time a bull market begins, it lasts longer and more and more investors profit during this time. We are getting close to halving the BTC and its just one year away from the market and that will be the time for the market to show bull movement.

If I look at the history record, after every BTC halving, the price of Bitcoin has risen, and all the altcoins have followed. Actually, Bitcoin has a limited total supply, and the number of Bitcoin decreases every four years of halving cycle, which definitely helps to enhance the price of Bitcoin. Bitcoin halving reduces the amount of coin available to miners, making BTC mining even more difficult.

As a result, the price of Bitcoin and other altcoins will rise and touches the highest high. BTC mining requires more power to mine with each halving, or in other words, mining is growing more complex and difficult as the quantity of Bitcoins decreases. BTC mining machines needs more power to mine bitcoin after every halving cycle which surely increase the cost as well. However, miners need not be concerned since the value of Bitcoin will also rise which will give them benefit.

We are the investor in HIVE and HBD so ee are bound by the #HIVE and #HBD coins in every bear or bull cycle, and we will discuss these two currencies because we are interested in these two assets. It is more interesting for hive users to talk about HIVE and HBD prices, issues, and solutions. These two coins are a popular topic for everyone of us, and they provide us with benefits because these are our holdings.

We are one year closer to the the start of the bull run, and the #hive coin will undoubtedly contribute during this period. It is more likely that by the end of the year, Bitcoin will have reached a price of $45K, which is just the beginning of the bull run. Where will hive go in price if BTC hits that value? Will it follow the pattern of Bitcoin? The answer is YES, and hive shall go higher then the price of the Bitcoin.

US DEBT CONCERNS AND BITCOIN'S PRICE

The recent news of US debt has depressed investors, who are concerned about the crypto market. We have noted that the year has not been kind to the United States and its financial system. The more they consider outlawing cryptocurrency, the more challenges they face. The constant rising of the FED, bankruptcy the US debt ceiling negotiations.

The price of Bitcoin has just risen by $1000, from $25800 to $26700, as a result of US dollar talks. According to experts, if the US debt negotiation with the Federal Reserve results in a favourable outcome for the US dollar, the price of Bitcoin will temporarily fall. The market will fall by more than 10%, but if they fail to negotiate, Bitcoin's price would rise by more than 70% which will the quick start of the bull run.

That suggests the price will grow to more than $45000 in a few of months. This is a substantial increase, and more investors are hoping for it. As a result, we can claim that we are not far from the bull run and that we are one year closer to the start of the bull run. During these moments, we may witness one more drop, bringing the price of Bitcoin to $22K and signalling the start of the bull run.

This is the greatest time to review your investment in your favourite coins and invest your money to protect it from inflation. However, before investing, conduct your own study and invest carefully. I hope you find this post useful and enjoy it as much as I do. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.

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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.