Cryptocurrency analyst Quinten François recently, a cycle indicator was highlighted that suggests that Bitcoin running of the bulls is just beginning. The cryptocurrency analyst highlighted several fundamental factors that paint a bullish picture for BTC amid this bull run.

Bitcoin’s bull run could happen in two months

WX (formerly Twitter) fastingQuinten reminded the cryptocurrency community that the average cycle starts 170 days after Bitcoin HalvingHe added that 121 days have passed since the halving, which means the bull market could occur in two months and will likely begin in October.

In the next one Posts Xcrypto analyst highlighted Bitcoin’s ideal positioning for an upcoming bull run. He noted that German government has completed the sale of its BTC holdings, and the outflows from Bitcoin Trust (GBTC) by Grayscale dropped dramatically. Additionally, Quinten noted that global liquidity is exploding again, meaning that more liquidity will likely flow into Bitcoin soon.

FTX Creditors are also said to be on the verge of receiving repayments, and Quinten believes most of that cash will flow into Bitcoin. Meanwhile, the supply of BTC on exchanges is historically low, indicating that investors are aggressively accumulating the flagship cryptocurrency. It is believed that most of those investors mainly institutionsas noted by a cryptocurrency analyst, they accumulate over 450 BTC that are mined daily.

Having highlighted these bullish fundamentals, Quinten stated that the lifeless summer months are almost over and that a bull run for Bitcoin and other cryptocurrencies is just beginning. As for how high BTC could go in this bull run, Quinten common a chart showing that the price of the flagship cryptocurrency could reach as much as $250,000 at the peak of the market cycle.

This price prediction is based on Bitcoin’s price movement in previous cycles from its low to its high. Quinten he believes The US elections could significantly impact the price of BTC, as he emphasized that the fourth quarter of the year is shaping up well for the flagship cryptocurrency.

What will the running of the bulls look like?

Cryptocurrency analyst Smiley Capital recently provided insights into how bull run it might look like when it finally starts. He he stated This Bitcoin will rise so much that it will “paralyze the entire market.” He added that after “astonishing rallies” for Bitcoin, there will be periods of consolidation, which will lead to a reset Open Interest (OI). Once this happens, BTC will continue its upward trend again.

Meanwhile, after BTC was done, Smiley claimed that Ethereum would have an even stronger rally, lifting the entire market. This would lead to altcoins having “weeks, months of inhumane movements.” The analyst warned, however, that there will be short-term corrections that will reset leverage, but suggested that these coins will enjoy even greater gains from such lows.

At the time of writing, Bitcoin is trading at around $60,600, up more than 2% in the past 24 hours, according to data data from CoinMarketCap.

Featured image created with Dall.E, chart from Tradingview.com