Bitcoin bull run could peter out in 2-3 months, says analyst
2025-07-04 05:50:19
Main Idea
Analyst Rekt Capital predicts the Bitcoin bull run could peak in October 2024, following a 550-day cycle post-halving, but also suggests a possible extension into 2026 based on historical patterns.
Key Points
1. Rekt Capital forecasts the Bitcoin bull market may fade out by October 2024, 550 days after the 2024 halving, if it mirrors the 2020 cycle.
2. Some analysts, like Crypto Auris, link Bitcoin's price targets (e.g., ~$170K) to global money supply expansion (M2).
3. Bitcoin is currently trading near its all-time high at ~$109,155, just 2.5% below $111,970 (per CoinMarketCap).
4. Standard Chartered predicts Bitcoin could reach $200,000 by end-2025, citing increased investor flows breaking past post-halving price drop trends.
5. Rekt Capital cautions against emotional reliance on new metrics, emphasizing historical cycle patterns over speculative narratives.
Description
Crypto analyst Rekt Capital says that while there’s a lot of talk about the Bitcoin cycle extending into 2026, traders should not “throw away time-tested principles.”
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