{"id":16229,"date":"2024-08-20T10:14:16","date_gmt":"2024-08-20T07:14:16","guid":{"rendered":"https:\/\/forklog.com\/en\/analysts-highlight-conditions-for-bitcoin-bull-run-resurgence\/"},"modified":"2024-08-20T10:14:16","modified_gmt":"2024-08-20T07:14:16","slug":"analysts-highlight-conditions-for-bitcoin-bull-run-resurgence","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/analysts-highlight-conditions-for-bitcoin-bull-run-resurgence\/","title":{"rendered":"Analysts Highlight Conditions for Bitcoin Bull Run Resurgence"},"content":{"rendered":"<p>The wave of long position liquidations has subsided, suggesting that Bitcoin may approach its <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span> post-U.S. elections, driven by a liquidity influx. This is reported by <a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-bullish-liquidity-united-states-election-analysts\">Cointelegraph<\/a>, citing analysts.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201c[There is] a typical seasonal pattern where the first cryptocurrency usually struggles for one to three months following the April<\/em> <em>halving,\u201d<\/em> stated Matthew Sigel, head of digital asset research at VanEck.<\/p>\n<\/blockquote>\n<p>The specialist mentioned a weakening of forced sale factors amid several events. In July, German authorities disposed of 49,858 BTC for $2.6 billion, while approximately 70% of Mt. Gox clients received payouts, with many holding onto their coins, according to market observations.<\/p>\n<p>BitVaulty CEO Francesco Madonna predicted that Bitcoin will follow gold, whose price has reached a new all-time high. The expert attributed this trend to the growth of global liquidity.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1160.webp\" alt=\"1-1160\" class=\"wp-image-239267\"\/><figcaption class=\"wp-element-caption\">Data: Cointelegraph.<\/figcaption><\/figure>\n<p>Investment strategist Lyn Alden noted that in 2025, markets will feel the impact of monetary policy easing. Under these circumstances, Bitcoin will surpass its ATH.<\/p>\n<p>According to Sigel, regardless of which candidate wins the upcoming U.S. presidential elections in November, \u201cwe face another four years of reckless fiscal policy.\u201d<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe story is that at this point, Bitcoin truly reaches its peak,\u201d<\/em> concluded the expert.<\/p>\n<\/blockquote>\n<p>Back in previous reports, former BitMEX CEO Arthur Hayes downplayed the significance of the U.S. election outcome for the prospects of digital gold.<\/p>\n<p>Earlier, the entrepreneur described the first cryptocurrency as a more reliable safe-haven asset than gold, due to the absence of national control.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The wave of long position liquidations has subsided, suggesting that Bitcoin may approach its ATH post-U.S. elections, driven by a liquidity influx. This is reported by Cointelegraph, citing analysts. \u201c[There is] a typical seasonal pattern where the first cryptocurrency usually struggles for one to three months following the April halving,\u201d stated Matthew Sigel, head of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1224,842],"class_list":["post-16229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-macroeconomics","tag-politics"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16229"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16228"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}