Bitcoin is approaching its previous all-time high of $111,700, raising numerous speculations about its future trajectory. Analysts are divided on its upcoming price movements.
Current Market Situation of Bitcoin
Some analysts believe that the recent movements of Bitcoin indicate an accumulation phase before the next rise. However, others are convinced that Bitcoin has already peaked and the bull market is nearing its end.
Rekt Capital's Forecast
Analyst Rekt Capital stated that Bitcoin's bull cycle could end within the next three months. He noted that if the cycle mirrors 2020, the current price peak could occur in October, 550 days after the halving in April 2024. 'We potentially have two to three months left in this bull market.'
Discussion Among Analysts
Rekt Capital's predictions contradict other views suggesting that the bull market could last until 2026. The analyst pointed out that many experts are ignoring the halving cycle and historical patterns. 'Many people are happy to throw away time-tested principles, but it is really important to trust such criteria.'
Analysts' predictions and views on Bitcoin's future continue to unfold, creating a range of perspectives on how the market might develop in the coming months.
