Bitcoin cycle analysis predicts bull run in 2 months

Crypto analyst Quinten François recently pointed to a cycle indicator suggesting a Bitcoin (CRYPTO:BTC) bull run could begin in approximately two months.

François noted that Bitcoin’s average cycle typically starts 170 days after a halving event. With 121 days passed since the last halving, the bull run may start in October.

The analyst emphasized several bullish indicators for Bitcoin, including the German government’s cessation of BTC sales and a significant reduction in outflows from Grayscale’s Bitcoin Trust (GBTC).

Global liquidity is expected to surge, potentially increasing Bitcoin’s inflow.

Additionally, FTX (CRYPTO:FTT) creditors are nearing repayments, which could funnel more capital into Bitcoin.

The low BTC supply on exchanges indicates strong accumulation by institutional investors.

François believes these institutions are accumulating over 450 BTC daily, contributing to the bullish outlook.

François projected that Bitcoin could reach up to $250,000 during this market cycle, based on historical price movements from cycle bottoms to peaks.

The upcoming US election could also influence Bitcoin’s price, with the fourth quarter anticipated to be favorable for the cryptocurrency.

Crypto analyst Smiley Capital also provided insights on the expected bull run.

He predicted that Bitcoin will experience intense rallies, causing market-wide impacts.

These rallies will be followed by consolidation periods and resets in open interest (OI), before resuming the upward trend.

Smiley Capital suggested that after Bitcoin’s rally, Ethereum (CRYPTO:ETH) might lead an even stronger market uptrend.

This could result in altcoins experiencing significant gains, though short-term corrections may occur.

At the time of writing, the Bitcoin price was $60,785.76.