Analysts Highlight Conditions for Bitcoin Bull Run Resurgence

The wave of long position liquidations has subsided, suggesting that Bitcoin may approach its ATH post-U.S. elections, driven by a liquidity influx. This is reported by Cointelegraph, citing analysts.

“[There is] a typical seasonal pattern where the first cryptocurrency usually struggles for one to three months following the April halving,” stated Matthew Sigel, head of digital asset research at VanEck.

The specialist mentioned a weakening of forced sale factors amid several events. In July, German authorities disposed of 49,858 BTC for $2.6 billion, while approximately 70% of Mt. Gox clients received payouts, with many holding onto their coins, according to market observations.

BitVaulty CEO Francesco Madonna predicted that Bitcoin will follow gold, whose price has reached a new all-time high. The expert attributed this trend to the growth of global liquidity.

Investment strategist Lyn Alden noted that in 2025, markets will feel the impact of monetary policy easing. Under these circumstances, Bitcoin will surpass its ATH.

According to Sigel, regardless of which candidate wins the upcoming U.S. presidential elections in November, “we face another four years of reckless fiscal policy.”

“The story is that at this point, Bitcoin truly reaches its peak,” concluded the expert.

Back in previous reports, former BitMEX CEO Arthur Hayes downplayed the significance of the U.S. election outcome for the prospects of digital gold.

Earlier, the entrepreneur described the first cryptocurrency as a more reliable safe-haven asset than gold, due to the absence of national control.