According to the analysis by crypto analyst Rekt Capital, the current Bitcoin (BTC) bull cycle could be nearing its end, with the market potentially peaking as soon as October 2023. The analyst notes that if BTC follows a similar pattern to its 2020 cycle, there are only a few months left for the price to rise in the current bull run.
Rekt Capital argues that many analysts are overlooking the importance of the Bitcoin halving cycle and historical patterns, which suggest the market could peak around 550 days after the April 2024 halving. This prediction contradicts other estimates that the current bull market could extend into 2026.
The analyst cautions that "we potentially have two to three months left in this bull market," implying that the Bitcoin bull cycle may come to an end as early as October 2023. This warning comes as BTC approaches its previous all-time high of around $111,700. References
"Famous Analyst Said Don't Believe Other Analysts, Announced the Date When the Bitcoin Bull Will End! "We Only Have a Few Months! Here's Why!" , BitcoinSistemi
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