A Bitcoin and crypto enthusiast shares a detailed post about Bitcoin’s next bull run.
The post explores 10 factors fueling Bitcoin’s upcoming bullrun.
Mainly it says scarcity factors and historical charts support the arrival of a Bitcoin bull run.
As the Bitcoin Halving event inches closer, one Bitcoin (BTC) and crypto enthusiast makes a master post explaining why a Bitcoin bull run will be inevitable. Specifically, the post explores 10 reasons behind an optimistic outlook for a bullish result after the next Bitcoin halving.
Ten reasons why #Bitcoin will go into bull mode at the end of this cycle, as it has done in the past.A thread by Stockmoney Lizards pic.twitter.com/X3kh7eWpWD
— Stockmoney Lizards (@StockmoneyL) September 27, 2023
From the several compelling reasons to anticipate a bullish surge in the near future, the first one is linked to the HODL philosophy. In particular, the post talks about the scarcity factor which. As long-term investors are holding a record-high of nearly 15 million Bitcoin it reduces available supply and drives prices up.
Next, the Bitcoin Halving event in April 2024. This is another scarcity factor. The upcoming halving event, occurring every four years, further limits new Bitcoin supply, with the maximum capped at 21 million.
In third place is the Bitcoin Cycle itself. All of Bitcoin’s market phases, including all-time highs, bear markets, pre-halving actions, and bull markets, are influenced by halving events. So far every massive Bitcoin bullrun was preceded by a Bitcoin Halving event.
Adding on, is the fact that Bitcoin is not a security. Bitcoin’s mathematical nature makes it immune to legal challenges like those facing certain US exchanges dealing with other cryptocurrencies.
Similarly, the rapidly growing pace of crypto adoption adds to the mix. Mass adoption of Bitcoin beyond a store of value, with potential involvement from companies like Amazon, PayPal, and others contributes highly.
As for network capacity, Bitcoin’s robust network can handle vast transaction volumes, thanks in part to the Lightning network. Meanwhile, Bitcoin’s parabolic rises attract momentum traders and speculators, amplifying its value.
In addition, rising global inflation concerns may drive investors toward Bitcoin as a hedge, akin to gold historically. More so, geopolitical uncertainty is also a contributing factor. After all, in times of global crises, Bitcoin has proven to be a reliable store of value, exemplified during recent banking and Ukraine-Russia conflicts.
Lastly, technical analysis shows historical Bitcoin cycles and the upcoming April 2024 halving indicate a potential bull run on the horizon. Clearly, Bitcoin’s unique properties, including its scarcity and resilience, continue to fuel optimism among crypto enthusiasts, providing a strong foundation for potential future gains.
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The post Top 10 Reasons to Expect a Bitcoin (BTC) Bull Run Early Next Year appeared first on Crypto News Land.
