The cryptocurrency market is buzzing with excitement as several key indicators suggest that Bitcoin (BTC) is gearing up for a potential bull run. The majority of the Crypto enthusiasts and analysts are sharing insights that show big bull momentum. Here are the three big Bitcoin bull factors pointing toward a bullish Bitcoin breakout.
Crypto Airdrops on the Rise: A Sign of Bull Market Preparation
Crypto token airdrops are becoming a hot trend again, which many see as a bullish signal. When market players start offering airdrops, it often indicates that they’re preparing for a significant market move.
Airdrops are frequently used as promotional tools to draw attention to new or existing tokens, but their sudden surge suggests that big players are anticipating a bullish shift.
Bitcoin Halving Cycle Timing & Bull Peak Approaching
Another major factor fueling optimism for a bull run is the historical Bitcoin halving cycle. According to analysis, Bitcoin’s price tends to follow a specific pattern after each halving event. Usually Bitcoin’s bull cycle begins approximately 170 days after a halving and peaks around 480 days after.
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As of now, we are 147 days post the latest Bitcoin halving, meaning that the market is approaching the ideal point for the bull run to kick off.
Historical data backs this analysis, and many believe that once the 170-day mark is crossed, Bitcoin will begin its bullish ascent, eventually leading to a peak within the next 300 days.
US Presidential Election Countdown
Another significant factor contributing to bullish sentiment around Bitcoin is the upcoming US presidential election. We are now 60 days away from the election, and analysts believe that both outcomes will favor Bitcoin. In 30 days, as we approach the final stretch of the election, it’s expected that market volatility will increase, often leading to a surge in assets like Bitcoin.
Read also: Cardano Founder Jokes About Solend Crypto Founder, Says He Wanted “Safely” to Use Solana
Three Major Bitcoin Bull Factors Indicate a Big Move Coming– Hold Your BTC, Don’t Short!
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