Analyst: The Bitcoin bull market may only last 2-3 more months, expected to peak in October this year

ChainCatcher news, according to Cointelegraph, cryptocurrency analyst Rekt Capital's latest analysis indicates that the Bitcoin bull market may have only 2-3 months of upward potential left. Based on the 2020 cycle pattern, the market may peak 550 days after the halving event in April 2024 (i.e., this October).

Although the market generally expects the cycle to extend until 2026, Rekt Capital warns investors not to abandon "time-tested principles." He believes that some investors ignoring halving cycle indicators and instead chasing new narratives (such as the correlation between Bitcoin and global M2 money supply) is an "emotional" behavior.