Analyst Predicts Potential End of Bitcoin Bull Market by Autumn

In the current cycle, Bitcoin has only two to three months left for growth if it follows the historical pattern of 2020, according to the analyst known as Rekt Capital.

Based on the previous bull rally, the expert forecasts a peak in October—550 days after the halving in the network of the first cryptocurrency.

Rekt Capital noted that many market participants ignore the halving of miner rewards and predict a possible “cycle extension” until 2026.

“Many people are eager to discard time-tested principles, while in reality, it is important to rely on such indicators, as they will not affect you as if you threw everything out the window,” he added.

According to the analyst, traders are now “chasing” new metrics like Bitcoin’s correlation with global liquidity, although he considers the use of new indicators an impulsive reaction.

“These are also emotional matters, and you don’t want emotions to cloud your judgment,” Rekt Capital emphasized.

Earlier, analysts at Standard Chartered bank stated that halving no longer affects the price of the first cryptocurrency. They predicted its rise to $200,000 by the end of 2025.

The main drivers they identified were inflows into spot ETFs and corporate Bitcoin purchases. These factors disrupted the usual cycle of digital gold.

As of late June, 96.7% of the first cryptocurrency’s supply was in profit, indicating a high risk of volatility, according to Glassnode.