A Crypto Analyst’s Prediction
Crypto analyst Quinten François believes a Bitcoin bull run is just a couple of months away. He’s basing his prediction on a few key factors:
The Bitcoin Halving Cycle
François points out that Bitcoin’s average cycle typically starts 170 days after the halving event. Since the last halving was 121 days ago, he thinks the bull run could begin as early as October.
Favorable Market Conditions
François sees several positive signs for Bitcoin:
- Government Selling Done: The German government has stopped selling its Bitcoin holdings.
- Grayscale Outflows Slowed: Outflows from Grayscale’s Bitcoin Trust (GBTC) have significantly decreased.
- Global Liquidity Surge: Increased global liquidity is expected to flow into Bitcoin soon.
- FTX Repayments: Creditors from the collapsed FTX exchange are about to receive their repayments, and François believes a significant portion of this money will be invested in Bitcoin.
- Institutional Accumulation:
Institutions are aggressively buying Bitcoin, with some stacking over 450 BTC daily.
What to Expect
François predicts that the bull run will be significant, with Bitcoin potentially reaching $250,000 at its peak. He also believes the US election could have a major impact on Bitcoin’s price, with the fourth quarter looking particularly strong.
Another Analyst’s Take
Smiley Capital, another crypto analyst, agrees that a bull run is coming, but he expects it to be even more intense. He predicts “face-melting rallies” that will paralyze the entire market, followed by periods of consolidation. After Bitcoin’s run, he believes Ethereum will experience an even stronger rally, leading to massive gains for altcoins.
The Bottom Line
While no one can predict the future with certainty, these analysts believe the conditions are ripe for a Bitcoin bull run. With favorable market conditions and strong institutional interest, the crypto market could be in for a wild ride in the coming months.
