Analyst stated that a bullish market could end in the fall

In the current cycle, Bitcoin has only two to three months left for growth if it follows the historical model of 2020. This was stated by an analyst under the nickname Rekt Capital.

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

Data: YouTube Rekt Capital noted that many market participants are ignoring the halving of the reward for miners and are forecasting a possible "cycle extension" until 2026.

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

According to the analyst, traders are now "chasing" new metrics such as the correlation of Bitcoin with global liquidity, although he considers the application of new indicators to be an impulsive reaction.

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

Earlier, analysts from 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 mentioned are inflows into spot ETFs and purchases of Bitcoin by corporations. It is these factors that have disrupted the usual cycle of digital gold.

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