Want to know about the upcoming Bull Run and why crypto prices are soaring? Well, let me break it down for you! 📈💸

The expectations of a Bitcoin spot exchange-traded fund (ETF) approval has significantly impact the crypto market in the recent weeks, there by causing a surge in the price of Bitcoin and other Altcoins.This is because a Bitcoin ETF approval would make it easier for traditional investors to gain exposure to cryptocurrencies through their existing brokerage accounts, leading to increased demand. This influx of new capital and interest can drive up Bitcoin prices, as seen with previous ETF approvals in traditional finance. However, the extent of the surge would depend on various factors, including market conditions, investor sentiment, and the specific terms and conditions of the ETF, making it a catalyst for potential crypto market growth.INDICATORS POINTING TO THE NEXT BULL RUNPrice Momentum: When there is a sustained upward price movements in major cryptocurrencies. A bull run is typically characterized by a series of higher highs and higher lows on the price charts.Trading Volume: Increased trading volume can indicate growing interest and participation in the market, often accompanying a bull run.Market Sentiment: Monitor social media, forums, and news for signs of growing optimism and enthusiasm among crypto enthusiasts and investors. This particular indicator had obviously played out in the recent market surge showing that the bull run is by the corner.Fundamental Factors: Cryptocurrency adoption, technology upgrades, partnerships, and institutional interest. Bitcoin Spot ETF for example can fuel a bull run.Bitcoin Dominance: A decrease in Bitcoin dominance (the percentage of total crypto market capitalization that Bitcoin represents) can sometimes signal a broader altcoin bull run.Altcoin Performance: Watch the performance of alternative cryptocurrencies (altcoins). When these coins start outperforming Bitcoin, it can be a sign of a broader bull run.Market Cycles: Cryptocurrency markets often move in cycles. Understanding these cycles and recognizing patterns can help identify bull runs.Historical Data: Analyze historical data to identify patterns and trends during previous bull runs. This can be seen in the pattern the market always to make after BTC halving - the price of BTC has been seen to reach an new ATH about 1 year after halving.Expert Opinions: Pay attention to insights from cryptocurrency experts and analysts, but be cautious and do your own research.Therefore from the above I would predict that we would be seeing a proper bull run around November / December 2024.📌Remember that predicting a bull run is never foolproof, and the cryptocurrency market is highly volatile. It's essential to exercise caution, use risk management strategies, and only invest what you can afford to lose. Additionally, consider diversifying your investments and staying informed about the latest developments in the crypto space.#BullRun #dyor