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 <p class="is-style-lead">Popular cryptocurrency analyst CryptosRUs outlined several potential <a rel="noopener noreferrer nofollow" title="catalysts" href="https://thebittimes.com/tag/catalysts.html">catalysts</a> for the next Bitcoin bull run in a video published on Oct. 23.</p>
 <p>He pointed to recent comments made by BlackRock CEO Larry Fink, who described cryptocurrencies like Bitcoin (BTC) as a “flight to quality” amid global uncertainty.</p>
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 <p>CryptosRUs agreed with this assessment, stating that smart investors are turning to Bitcoin as a hedge against inflation and a lack of trust in governments and central banks.</p>
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  <div class="wp-block-embed__wrapper"><iframe title="The Bitcoin Bull Run Will Be Triggered By These 3 Things..." width="1020" height="574" src="https://www.youtube.com/embed/h-0Ck07zSKo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
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 <p>The prospect of the first Bitcoin spot ETF approval was highlighted as another potential <a rel="noopener noreferrer nofollow" title="catalyst" href="https://thebittimes.com/tag/catalyst.html">catalyst</a>. CryptosRUs speculated that Grayscale’s recent application could receive approval within the next month, paving the way for other asset managers like BlackRock and Fidelity.</p>
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 <p>Historically, the analyst noted November and December tend to be bullish months for Bitcoin in recovery years like 2022. CryptosRUs predicted Bitcoin could reach $35,000-$40,000 by year’s end, and potentially hit $60,000 by November 2024 if historical trends repeat.</p>
 <p>Finally, he presented some charts indicating Bitcoin is still in the accumulation phase of its typical boom-and-bust cycle. While further volatility is expected in the short-term, the long-term outlook remains positive.</p>
 <p>In summary, analysts like CryptosRUs believe improving fundamentals, growing institutional adoption, seasonality, and historical patterns all signal Bitcoin is gearing up for its next bull run over the next 12-24 months. Regulatory approval of spot ETFs and macroeconomic conditions could accelerate the timing.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/analyst-explains-catalysts-of-next-bitcoin-bull-run-tbt67509.html">https://thebittimes.com/analyst-explains-catalysts-of-next-bitcoin-bull-run-tbt67509.html</a></p>

Analyst explains catalysts of next Bitcoin bull run

TheBitTimes

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