Analyst: Bitcoin bull run may end in October

robot
Abstract generation in progress

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)

BTC-0.35%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
Sfmovip
· 07-04 05:40
Ape In 🚀
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)