2 Triggers Will Fuel Next Bitcoin Bull Run

Despite the collapse of the crypto exchange FTX, there are still all kinds of optimistic predictions about the prices of digital assets. Check out the latest ones regarding the triggers that will fuel the next Bitcoin bull run.

A really popular crypto trader claims the uncertainty shrouding Bitcoin’s (BTC) next bull market will be the fuel that ends the bear market.

The pseudonymous crypto analyst Rekt Capital said not too long ago that any ‘strong bearish convictions’ may cause them to miss out on the next big bull run.

“People doubting if BTC will experience another Bull Market is exactly what is needed for one to happen

BTC Bull Markets are built on FOMO [fear of missing out]

To FOMO into an uptrend, you need to feel you are missing out

And strong bearish convictions will make you miss out.”

He also made sure to look at the psychology of price zones. They use June highs and lows as an example, pointing out that BTC’s June lows are now acting as a resistance level.

“BTC June lows were once a support

Now June lows are acting as resistance

In terms of psychology, people were willing to buy at June lows

But now people are much more willing to sell at June lows

How things have changed within a few months.”

Here’s what more he had to say about the prices in the crypto market:

Typical #BTC Bear Market bottoms tend to take months to develop before a new macro uptrend begins

Capitulating into an absolute generational bottom is one thing

The extended consolidation that follows is another$BTC #Crypto #Bitcoin

— Rekt Capital (@rektcapital) November 17, 2022

At the moment of writing this article, BTC is trading in the green and the king coin is priced at $16,747.