Bitcoin price has been active in the last 24 hours and rose to around $28,000. This occurred with millions of dollars of liquidation of short positions and increased trading volume across the entire market. So how high can Bitcoin price rise in the next bull run? 🤔

First, it is important to understand when the next Bitcoin bull run will begin. The Bitcoin halving, expected to occur in 2024, has historically been a key indicator of the beginning of the BTC bull run. 📈

One of the factors that will determine Bitcoin's price in the next bull run is the participation of institutional investors. As institutional investors' interest in Bitcoin increases, demand and price appreciation may also increase. However, it is thought that institutional adoption could rise further if the spot Bitcoin ETF is approved. 🏢

The US Securities and Exchange Commission (SEC) has postponed applications for the spot Bitcoin ETF. The involvement of giant companies like BlackRock could lead to the approval of a spot Bitcoin ETF. Some analysts suggest that the BTC price could reach $180,000 if the spot Bitcoin ETF is approved. 💰

Interesting price predictions for BTC in the next bull run are:

- Pantera Capital: $148,000

- Adam Back: $100,000 before March 2024

- Robert Kiyosaki: $120,000 in 2024

- Standard Chartered: $100,000 in 2024