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

Crypto
analyst
Quinten
François

recently
highlighted
a
cycle
indicator
that
suggests
the
Bitcoin

bull
run

is
just
about
to
begin.
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
average
cycle
starts
170
days
after
the

Bitcoin
halving.
He
added
that
it
has
been
121
days
since
the
halving
event,
meaning
the
bull
run
could
be
two
months
away
and
possibly
begin
sometime
in
October. 

In
a
subsequent

X
post,
the
crypto
analyst
highlighted
Bitcoin’s
perfect
setup
for
the
bull
run
that
is
about
to
begin.
He
remarked
that
the

German
government

is
done
selling
its
BTC
holdings
while
outflows
from

Grayscale’s
Bitcoin
Trust
(GBTC)

have
drastically
reduced.
Furthermore,
Quinten
noted
that
global
liquidity
is
about
to
explode
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
most
of
this
cash
will
flow
into
Bitcoin.
Meanwhile,
BTC
supply
on
exchanges
is
historically
low,
which
indicates
that
investors
are
aggressively
accumulating
the
flagship
crypto.
Most
of
these
investors
are
believed
to
be

mainly
institutions,
as
the
crypto
analyst
noted
that
they
are
stacking
more
than
450
BTC,
which
is
mined
daily. 

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.
As
to
how
high
BTC
could
reach
in
this
bull
run,
Quinten

shared

a
chart
showing
that
the
flagship
crypto
could
rise
to
as
high
as
$250,000
at
the
peak
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
year
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
look
like
when
it
finally
begins.
He

stated

that

Bitcoin

will
rally
so
hard
that
it
“paralyzes
the
entire
market.”
He
added
that
there
will
be
periods
of
consolidation
for
Bitcoin
after
“face-melting
rallies,”
which
will
lead
to
a
reset
in
the

open
interest
(OI).
Once
that
is
done,
BTC
will
once
again
continue
its
uptrend. 

Meanwhile,
after
BTC
was
done,
Smiley
claimed
that
Ethereum
would
have
an
even
stronger
rally,
bringing
the
entire
market
up.
This
will
lead
to

altcoins

having
“weeks,
months
of
inhumane
moves.”
However,
the
analyst
warned
that
there
would
be
short-term
corrections
to
wipe
out
leverages
but
suggested
that
these
coins
will
enjoy
even
greater
rallies
from
such
lows. 

At
the
time
of
writing,
Bitcoin
is
trading
at
around
$60,600,
up
over
2%
in
the
last
24
hours,
according
to

data

from
CoinMarketCap. 

Featured
image
created
with
Dall.E,
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from
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