Analyst Predicts Potential End of Bull Market for Bitcoin This Autumn

In the current cycle, Bitcoin has only two to three months left for potential growth if it follows the historical trend set in 2020, according to an analyst known as Rekt Capital.

Drawing from past bullish rallies, the expert anticipates a peak in October—550 days after the last Bitcoin halving event.

Rekt Capital pointed out that many market participants are overlooking the halving, which cuts miners’ rewards in half, and are instead speculating about a possible «cycle extension» until 2026.

«Many people are quick to disregard established principles, but it’s crucial to rely on these indicators as they won’t impact you like throwing everything out the window,» he remarked.

The analyst believes traders are now «chasing» new metrics, such as Bitcoin’s correlation with global liquidity, but he views this shift toward newer indicators as an impulsive reaction.

«These are emotional matters as well, and you don’t want your emotions to cloud your judgment,» Rekt Capital emphasized.

Previously, analysts from Standard Chartered stated that the halving no longer influences the price of the leading cryptocurrency. They projected it could reach $200,000 by the end of 2025.

They identified key drivers as inflows into spot ETFs and corporate purchases of Bitcoin, which have disrupted the established cycle of digital gold.

As a reminder, by the end of June, 96.7% of the first cryptocurrency’s supply was reported to be in profit, indicating a high risk of volatility, according to data from Glassnode.