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Analyst: Bitcoin bull run may only last 2-3 months, expected to peak in October this year.
According to ChainCatcher news, as reported by Cointelegraph, cryptocurrency analyst Rekt Capital recently analyzed that the Bitcoin bull run may only have 2-3 months of pump left. Based on the 2020 cycle pattern, the market may peak 550 days after the Halving event in April 2024 (i.e., in October this year). Although the market generally expects the cycle to continue until 2026, Rekt Capital warns investors not to abandon time-tested principles. He believes that some investors ignore the Halving cycle indicators and instead chase new narratives (such as the correlation between Bitcoin and the global M2 money supply) is an emotional behavior.