Bitcoin Average Cycle Count Suggests Bull Run Is Just 2 Months Away

Crypto analyst Quinten François recently highlighted a cycle indicator that implies the Bitcoin bull run is nearly to start. The crypto analyst highlighted several fundamentals that paint a bullish picture for BTC heading into this bull run.

The Bitcoin Bull Run Could Be Two Months Away

In an X (formerly Twitter) post, Quinten reminded the crypto community that the common cycle starts 170 days after the Bitcoin halving. He added that it has been 121 days for the reason that halving event, meaning the bull run could possibly be two months away and possibly begin sometime in October.

Source: X

In a subsequent X post, the crypto analyst highlighted Bitcoin’s perfect setup for the bull run that’s about to start. He remarked that the German government is finished selling its BTC holdings while outflows from Grayscale’s Bitcoin Trust (GBTC) have drastically reduced. Moreover, Quinten noted that global liquidity is about to blow up again, meaning more liquidity will likely flow into Bitcoin soon enough.

FTX creditors are also said to be on the verge of receiving their repayments, and Quinten believes that almost all of this money will flow into Bitcoin. Meanwhile, BTC supply on exchanges is historically low, which indicates that investors are aggressively accumulating the flagship crypto. Most of those investors are believed to be mainly institutions, because the crypto analyst noted that they’re stacking greater than 450 BTC, which is mined each day.

Having highlighted these bullish fundamentals, Quinten asserted that the boring summer months are almost over and that the bull run for Bitcoin and other cryptocurrencies is about to start out. As to how high BTC could reach on this bull run, Quinten shared a chart showing that the flagship crypto could rise to as high as $250,000 at the height of this market cycle.

This price prediction was based on Bitcoin’s price movement in previous cycles from its cycle bottom to cycle top. Quinten believes the US election could significantly impact BTC’s price as he highlighted how the fourth quarter of the yr looks good for the flagship crypto.

What The Bull Run Will Look Like

Crypto analyst Smiley Capital recently provided insights into what the bull run could seem like when it finally begins. He stated that Bitcoin will rally so hard that it “paralyzes your complete market.” He added that there will likely be periods of consolidation for Bitcoin after “face-melting rallies,” which can result in a reset within the open interest (OI). Once that is finished, BTC will once more proceed its uptrend.

Meanwhile, after BTC was done, Smiley claimed that Ethereum would have an excellent stronger rally, bringing your complete market up. It will result in altcoins having “weeks, months of inhumane moves.” Nevertheless, the analyst warned that there could be short-term corrections to wipe out leverages but suggested that these coins will enjoy even greater rallies from such lows.

On the time of writing, Bitcoin is trading at around $60,600, up over 2% within the last 24 hours, in accordance with data from CoinMarketCap.