I think bull run doesn't seem to be happening in the near future, even today the market is red again so it touches $28k, of course this makes me not think too short term, the thing that might make a bull run is early 2024 because there will be a halving day.
I think you are confusing the situation. You know that Bitcoin halving is taking place next year, and during every Bitcoin halving, it's noted that the market usually experiences a bullish movement, so I think the future of a bull market is already near. It might happen next year or in 2025. With the price getting to $28,900 yesterday, I even thought it might go below, but I'm seeing it's still trading around $29k. Every month usually has a different move in the market, and it's not yet time to become so bullish as the market can even dip to $27k this month.
Lately bitcoin's movement has been quite confusing, previously moving towards bullish but he stopped at the wall of $ 32k which made him have to correct this deep again to $ 29k, and it seems that today bitcoin is also declining again, which makes the market turn red , we are currently walking in a sideway lane with high volatility, the possibility is that at the beginning of October we can see a good increase, or a green market that is moving, for August-September I still doubt it.
Halving may be an important indicator here to increase investor interest because it is able to encourage interest in buying bitcoin which causes bitcoin to experience a bullish age, but who knows what bullish level will be suppressed by the halving bitcoin this cycle, whether at the price level of $ 40k or more or more lower than that?...
I think the hope for a bull run will occur at the end of the year, the news that the halving day which will occur in early 2024 will certainly be taken seriously by investors so they will buy at the end of the year in the hope of selling after the halving day which usually increases by at least 200%, we'll see if the end of this year can touch $ 50k or not, if the price is still as it is today then the 2024 halving day will be as usual as it is today.
Today the bearish still hasn't gone away, but we don't know if the end of the year will be bullish or not on bitcoin, or it just happens like now and revolves around $20k+ - $30k+ price level, we can't say for sure today, or talking about an increase maybe it could be more or it could be lower in the current halving cycle, what is certain that we need to do is continue to accumulate bitcoins when the market is still bearish like now.