Bitcoin could be about to explode. These are the catalysts that could mark your bull run

Bitcoin could be about to explode. These are the catalysts that will mark your future

Franco Macchiavelli talks to us about the possible new bullrun in Bitcoin motivated by the following catalysts.

Firstly, it stands out as the main catalysts: the adoption of ETFs, in which Morgan Stanley approved Bitcoin ETFs, which can attract more institutional investors, the adoption of the Ethereum ETF, which is also relevant and can positively influence in the market, the presidential elections in the United States, as expectations about future economic policies may influence the cryptocurrency market, the interest rate cut as although there is uncertainty, the market anticipates a possible rate cut that could benefit Bitcoin and, finally, sovereign and money market funds, which are incorporating Bitcoin into their balance sheets, which may increase demand.

The second major catalyst that Franco Macchiavelli highlights is the global liquidity cycle. It is mentioned that the global liquidity cycle can positively affect Bitcoin.

Third, Macchiavelli mentions the new legislation in Louisiana, which has been passed and allows residents to use Bitcoin for purchases and payments without legal barriers. Furthermore, he supports custody of Bitcoin by individuals and companies and prohibits CBDCs, which may be viewed favorably by investors.

Fourthly, we can take into account as a catalyst the historical patterns of consolidation and breakout, which consist of Bitcoin tending to follow a pattern of all-time highs, followed by periods of consolidation and subsequent upward breakouts, and in addition, a pattern of bottoms is observed. in June, which has preceded increases in previous years.

Furthermore, as a fifth catalyst, Macchiavelli mentions technical indicators. The Hash Ribbon Indicator indicates periods of capitulation followed by possible buy signals when the short-term moving average crosses above the long-term one, and in addition, it is important to take into account the trading volume. A significant increase in volume above the average is expected to confirm bullish breakouts. In periods of 4 years, Bitcoin has been repeating movements.

The sixth catalyst to take into account is the current market situation, in which Bitcoin is in a short-term sideways range and in which it is crucial to observe a breakout of the sideways range and an increase in volume to confirm a new bullish momentum. .

The seventh and final catalyst is historical prices and overbought. It is debated whether Bitcoin is overbought, but indicators such as the regression line show that it is at healthy levels.

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00:00 Introduction
00:55 General catalysts
02:30 Legislation passed in Louisiana
04:30 BTC movements before breaking ATH
07:15 BTC always makes a bottom in JUNE
10:10 Halving effect on BTC in history
12:40 Hash Ribbon about to give a buy signal
14:40 Important technical analysis today
16:45 Conclusion

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