Bitcoin Bull Run May End Soon, Analyst Predicts
Crypto analyst Rekt Capital warns that the current Bitcoin bull run could conclude within the next 2-3 months. This forecast is based on historical patterns observed during the 2020 market cycle. According to Rekt Capital, Bitcoin’s price expansion phase may peak around October, marking 550 days since the April 2024 halving event. This perspective contrasts with some market participants who anticipate a cycle extension into 2026.
Historical Patterns Versus Emerging Market Narratives
Rekt Capital emphasizes the value of historical metrics over newer narratives, such as Bitcoin’s correlation with the global M2 Money Supply. He cautions against making emotional decisions based on these untested metrics, which could obscure judgment. Despite Bitcoin’s recent 3.5% gain over the past month and its proximity to all-time highs, the analyst advises a measured approach.
The Impact of Institutional Adoption on Market Cycles
Geoff Kendrick, head of digital asset research at Standard Chartered, points out that increased investor flows have altered Bitcoin’s traditional post-halving price dynamics. This change underscores the significant role institutional adoption now plays in shaping cryptocurrency market cycles.
Diverse Outlooks on Bitcoin’s Price Trajectory
- Standard Chartered and wealth management firm Bernstein project Bitcoin could reach $200,000 by year-end.
- Arthur Hayes, co-founder of BitMEX, offers a more optimistic forecast of $250,000.
These varying predictions highlight the wide range of perspectives on Bitcoin’s future in an evolving market landscape.
