(BTCThe price of ) fell below $38,000 on February 21st, but bulls have been trying to stop the slide and begin a recovery. Expectations of a rally strong have been dampened by the continued weakness in 2022.

Du Jun, the co-founder and chief executive of Huobi Crypto Exchange said that if Bitcoin’s halving cycle is repeated then current weakness may be signs of a bearish market. Jun believes the The next Bitcoin bullcycle is predictedTo begin at either the end 2024, or the beginning 2025.