Bitcoin's Bull Run Poised for Extended Reign, Analysts Project Until 2027
The long-held "four-year crypto market cycle" may be nearing its end, according to experts from The Bull Theory, who suggest the current Bitcoin bull run is not over but merely delayed. Influential global economic and political factors are aligning to potentially stretch this upward trend well into 2027, reshaping traditional market expectations for the leading cryptocurrency.
Shifting Tides: Beyond the Four-Year Cycle
Analysts argue that Bitcoin's significant price movements over the last decade were not solely dictated by Halving events, but increasingly by global liquidity shifts. Current stablecoin liquidity remains robust despite recent market downturns, signaling sustained engagement from large investors ready to deploy capital when macroeconomic conditions ripen. In the U.S., Treasury policies are emerging as pivotal catalysts. A notable surplus in the Treasury General Account (TGA) balance, significantly above its normal range, is anticipated to flow back into the financial system, thereby enhancing liquidity and favoring risk assets like Bitcoin.
Global Monetary Easing and Political Tailwinds
A convergence of expansive monetary policies across major economies further supports this optimistic outlook. China has consistently injected liquidity, while Japan recently announced a substantial stimulus package. Canada is also moving towards an easier monetary stance, and crucially, the U.S. Federal Reserve has officially paused its quantitative tightening (QT) measures—a historic precursor to broader liquidity expansion. On the political front, potential tax reforms in the U.S., coupled with the prospect of a new Federal Reserve chair more amenable to liquidity expansion and cryptocurrencies, could significantly bolster market sentiment and economic growth.
An Extended Uptrend to 2027
Historically, a Purchasing Managers' Index (ISM PMI) surpassing 55 has often heralded an "altcoin season," a phenomenon projected for 2026. This, combined with sustained stablecoin liquidity, U.S. Treasury cash injections, global quantitative easing, halted U.S. QT, potential bank lending relief, and pro-market policy shifts, paints a picture vastly different from the traditional four-year halving model. Should this confluence of liquidity expansion materialize across key global economies, Bitcoin is expected to continue its ascent, defying short-term corrections and extending its bull run through 2026 and firmly into 2027.
