A potential Bitcoin bull market awaits in 2024 after the previous year brought both joy and fear to crypto, teaching the valuable lesson, ‘To understand the present, you must understand the past.'
As 2023 unfolded, remnants of the rotten apples from the 2022 bear market lingered, casting a shadow on the crypto industry’s outlook. On top of that, the United States Securities and Exchange Commission injected fear and uncertainty into the U.S. crypto industry amid calls for regulatory clarity. Nonetheless, the market began to shift as anticipation grew around the possible approval of the first spot Bitcoin exchange-traded fund (ETF) in the United States.
Furthermore, not only did Bitcoin (BTC) reward long-term holders through geopolitical tensions that continue to devour traditional markets, but the cryptocurrency is also well-positioned for a bull market with a halving event closing in.
The Chinese philosophy of yin and yang defined 2023 as a place where two opposite forces collided to find a balance. In the crypto universe, the behavior of Bitcoin decides if the markets are leaning toward the light or the dark. So, how did 2023 behave? Is crypto in the light or the dark?
