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Analyst: Bitcoin bull run may end in October
Odaily News Analysts Rekt Capital's latest analysis indicates that the Bitcoin bull run may have only 2-3 months of pump left. According to the 2020 cycle pattern, the market is expected to peak 550 days after the Halving event in April 2024 (i.e., October this year). Despite widespread market expectations that the cycle may extend to 2026, Rekt Capital warns investors not to abandon time-tested principles. He believes that some investors are ignoring halving cycle indicators and are instead chasing new narratives (such as the correlation between Bitcoin and global M2 money supply), which is an emotional behavior. (Cointelegraph)