Bitcoin Outlook 2023-2027: Bull run just before the halving?

Although Bitcoin (BTC) is currently primarily trading sideways, like most other cryptocurrency assets in the market, its future has the potential for massive gains, especially considering the upcoming 2024 halving event.

Specifically, the cryptocurrency analyst Stockmoney Lizards predicts that 'we are likely to see the beginning of a bull run just before the halving,' according to a detailed analysis of Bitcoin chart patterns shared in a post on X on October 4th.

Explaining this rationale, the expert listed the key factors contributing to this scenario, starting with the pattern of Bitcoin trading within a corrective range (as in 2019/2020) delineated by two trend lines (yellow area, blue box), indicated by the Moving Average Convergence Divergence (MACD), and its recent momentum signifying an attempt to break the upper resistance line.

Furthermore, the second factor is the environment, which has shown that Bitcoin has two potential bullish quarters ahead with two significant catalysts - the enthusiasm before the halving and the expected approval of a spot Bitcoin Exchange-Traded Fund (ETF) with a substantial inflow of funds, despite the overall macroeconomic situation.

Finally, the overall situation suggests that:

Countries, large institutions, and large retail investor masses seem to gradually realize that fiat is doomed, and Bitcoin is evidence of inflation. Despite the noise (inflation, interest rates, what's happening with the S&P 500, etc.), will this ultimately drive the price higher?