**Bitcoin's Bullish Surge in 2024: Key Indicators to Watch**

Bitcoin (BTC) has surged 55% in 2024, with a notable 12.5% gain in October. This rally is driven by positive Wall Street earnings and speculation about potential Federal Reserve rate cuts. Additionally, pro-crypto sentiments around Donald Trump's 2024 presidential bid are fueling optimism.

Market analysts, including Coosh Alemzadeh and Ted Pillows, highlight Bitcoin's breakout from a prolonged consolidation phase, suggesting a new bull run. Alemzadeh's fractal analysis even predicts BTC hitting $100K in 2025.

Onchain data shows whales are accumulating BTC, mirroring pre-COVID rally behavior. Declining stablecoin dominance further indicates a shift towards Bitcoin, signaling growing market confidence.

Stay tuned as Bitcoin's parabolic phase might just be beginning!