Bitcoin bull market may end after October: Analyst
Crypto analyst Rekt Capital warns that Bitcoin's price expansion may only last for another 2 to 3 months, potentially peaking in October 2025. This prediction is based on historical trends observed in the 2020 Bitcoin cycle. Rekt highlighted that this October peak would occur 550 days after the Bitcoin halving in April 2024. He cautioned against dismissing traditional market principles, asserting that many traders are ignoring the halving cycle in favor of new narratives, such as Bitcoin's growing correlation with global money supply. Currently, Bitcoin is trading at approximately $109,155, close to its all-time high. Rekt noted that approaching new metrics impulsively can cloud judgment, leading to emotional decision-making. Some analysts, including those from Standard Chartered, believe that the halving cycle's influence has changed due to increased institutional adoption, hinting that Bitcoin might maintain upward momentum beyond previous cycles. Investors are advised to conduct thorough research before making trading decisions.
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