Analyst stated that the bullish market may 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 the analyst under the nickname Rekt Capital.

Based on the previous bull rally, 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 miner rewards and predicting 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 believes that the application of new indicators is an impulsive reaction.

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

Previously, analysts at 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 named were inflows into spot ETFs and Bitcoin purchases by corporations. It is these that 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, Glassnode reported.