🚀#Bitcoin's bull run is still going strong, folks! 🎉

- BTC's price has been on a rollercoaster ride, with bear and bull cycles dominating the past decade.

- The current cycle, which kicked off mid-2023, has been a bit different. Thanks to the hype around potential approval of Bitcoin ETFs in the US, BTC broke its 2021 record and hit a new high of nearly $74k. 📈

- Once the ETFs became a reality, BTC's legitimacy as an investment asset soared. Big names like BlackRock and Fidelity jumped on board, and inflows skyrocketed.

- Even with demand leveling off recently, BTC's price is still hanging out between $60k-$70k.

And there's more good news:

- Rumor has it the US Federal Reserve might lower interest rates later this year. That's usually a bullish sign for riskier assets like BTC. 🐂

- The halving happened a month ago, and while some say its effects are diminishing, the production of new BTC is down to around 450 per day. That's less than what ETFs, whales, and retail investors are scooping up.

So, when will this bull cycle end? 🤔

CryptoQuant CEO Ki Young Ju thinks we're smack dab in the middle of it. If the current trend continues, he predicts the bull run could end by April 2025.

What do you think? Will the bull keep charging or is a bear lurking around the corner? Share your thoughts below! 👇 #CryptoNews #BullRun