Bitcoin Bull Run Imminent: Expert Predicts Surge to $250,000

Crypto expert Quinten François believes a Bitcoin bull run is on the horizon, citing a cycle indicator and various positive factors. He predicts the surge could start as early as October, with potential gains reaching $250,000.

Key Factors:

- 121 days have passed since the Bitcoin halving, aligning with the typical 170-day cycle.

- German government has stopped selling Bitcoin assets.

- Significant decrease in withdrawals from Grayscale's Bitcoin Trust (GBTC).

- Global liquidity is poised to surge, bringing additional liquidity to Bitcoin.

- FTX creditors' reimbursements will likely be invested in Bitcoin.

- Supply of Bitcoin on exchanges is at an all-time low, indicating rapid buying.

Quinten's prediction is supported by analyst Smiley Capital, who expects a "paralyzing" rise in Bitcoin, followed by consolidation periods and further upward trends. Ethereum is also expected to experience significant gains.

While the US election may impact BTC's price, the overall outlook is promising for a fourth-quarter bull run.

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