Bitcoin Analyst Warns Bull Market May End by October

Key Points

1. Rekt Capital believes Bitcoin's current bull market could be nearing its peak, comparing it to the 2020 rally and suggesting the cycle may top out roughly 550 days after the halving.

2. Some analysts are skeptical of traditional halving cycle models, pointing to newer metrics like Bitcoin's correlation with global M2 money supply.

3. Standard Chartered's Geoff Kendrick argues Bitcoin has moved beyond the previous dynamic where prices fell 18 months after a halving, citing increased investor flows.

4. BitMEX co-founder Arthur Hayes remains highly bullish on Bitcoin's price, while Crypto Auris predicts a target of around $170K as global money supply expands.

5. Rekt Capital cautions against hype despite bullish sentiment from other analysts, emphasizing the speculative nature of crypto investments.