Summary
Bitcoin is just 11% away from its all-time high, sparking debate on how long the bull run will last. Experts are torn on the duration of the cycle, with some predicting a shorter cycle due to institutional interest and the upcoming Bitcoin halving. The approval of spot BTC ETFs has brought institutional money into the space, making this bull run different. The halving, set to take place next month, is seen as a bullish indicator for Bitcoin’s price. Other factors to consider include the Federal Reserve’s next steps with interest rates.
Key Points
1. Bitcoin is nearing its all-time high of $69,044, currently trading at $61,323, with a 43% increase over the past month.
2. Experts are divided on the duration of the current bull run, with some predicting a shorter cycle while others believe institutional interest will sustain the momentum.
3. The upcoming Bitcoin halving, coupled with institutional investment and macroeconomic factors like interest rates, are expected to contribute to the bullish trajectory of the cryptocurrency in the next 12-18 months.