The cryptoanalyst and trader under the pseudonym Rekt Capital said that in the current cycle the first cryptocurrency remains no more than three months for the rally before the start of a long correction.

According to the expert, the Bitcoin course will reach the peak in October, 550 days after halving. Rekt Capital noted that most market participants do not pay attention to reducing awards for miners, and suggest that the bull cycle will last in 2026.

“Many people are happy to throw out the principles -tested principles, while it is actually important to rely on such indicators,” he emphasized.

Now among the traders it has become fashionable to “chase” the numerous new metrics, like the correlation of bitcoin with global liquidity. However, the use of new metrics reflects the impulsive behavior of market participants, the analyst believes.

So far, the key driver of the first cryptocurrency growth is the purchases of the asset by large companies, but this impulse will not be able to support the coin quotes for a long time, the Rekt Capital summed up.

Earlier, Glassnode experts reported that at the end of June 96.7% of bitcoins brought profit to their owners, which indicates cautious market optimism and at the same time high risk of asset’s volatility.