Indicators Have Aligned to Trigger a Bitcoin Bull Run

• Crypto analyst foresees a sustained bull run for Bitcoin.
• October is one of Bitcoin’s historical bullish months.
• The crypto market can do well even during a recession.

Crypto analyst and host of the Crypto Capital Venture podcast, predicts a significant Bitcoin bull run is on the horizon. Citing Bitcoin’s recent price action and historical patterns, the analyst highlighted the cryptocurrency’s tendency to surge in the fourth quarter of its halving year.

Read also: Bitcoin Halving’s Delayed Impact: Bull Run in Q4?

October is historically a bullish month for Bitcoin, with positive returns in nine of the past eleven years, according to Coinglass data. The analyst also noted that every month of the fourth quarter in the last two Bitcoin halving years saw positive returns for the cryptocurrency.

Rate Cuts and Market Momentum

Turning to macroeconomic factors, the analyst pointed out the historical impact of rate cuts on financial assets. The S&P 500 has posted positive returns 12 months after the initial rate cut 86% of the time. With the Federal Reserve planning a rate cut later this month, a sustained rally across both financial and digital asset markets is possible.

The analyst stressed that market data often tells a different story than public sentiment. They dismissed the idea of a recession causing a prolonged bear market, emphasizing that markets and the economy are not always in sync.

Looking at the total crypto market cap, the analyst noted a 33% drop from its all-time high, a less severe pullback than the 50% decline seen in the previous cycle over a similar period. They also highlighted that the total crypto market cap hasn’t retested its all-time high in this cycle, despite Bitcoin reaching a new peak.

A confluence of these indicators suggest significant momentum is building in the crypto market. The analyst believes Bitcoin is on the cusp of a sustained bull run, potentially pulling the rest of the crypto market along with it and fulfilling the long-awaited parabolic rally of the current bull cycle.