A widely followed crypto analyst believes Bitcoin’s (BTC) bull market is just weeks away from coming to an end.

The analyst pseudonymously known as Rekt Capital tells his 550,400 subscribers on the social media platform X that the Bitcoin bull market could end in two or three months if history repeats itself.

According to the pseudonymous analyst, the Bitcoin bull market typically hits the peak around 518 to 546 days after the halving, suggesting it could occur between mid-September and mid-October. The fourth Bitcoin halving took place in April 2024.

On what is in store for Bitcoin’s price over the coming weeks and months, the widely followed analyst says,

“If Bitcoin really does have two to three months left in its Bull Market…

Then this current period truly is the calm before the storm.”

Bitcoin is trading at $109,386 at time of writing.

Rekt Capital further says that even if the bull market extends beyond October, trying to capture the potential gains would be a high-risk and low-reward endeavor.

“The risk versus reward of that upside will likely not be worth heavy participation.

Is it worth capturing an additional +20 – 30% uptrend while risking a -60 to -70% Bear Market?”

On altcoins, the widely followed analyst says they could enjoy a rally once Bitcoin rises above the current all-time high of just under $112,000.

“When Bitcoin broke out into Price Discovery Uptrend 1 in November 2024…

Altcoins rallied exponentially during that time.

Altcoins would likely run once Bitcoin breaks out into Price Discovery Uptrend 2.”

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Bitcoin rallied above $105,000 in mid-morning European trading on Tuesday, clawing back losses sustained over the weekend after dipping below six figures for the first time since May. Yet the respite may prove fleeting, says veteran technician Quantum Ascend (@quantum_ascend).

Bitcoin Price Mirrors 2021

On side-by-side charts of the current cycle and the 2021-to-2024 arc, the analyst argued that Bitcoin is “the same exact pattern—run-up, one high, back down, second high,” followed by an ABC corrective sequence that in 2021 bottomed only after a second, deeper flush. “Gut says no,” he told viewers when asked whether last Friday’s sell-off had already marked capitulation. “We’ve been talking about this ABC since March… people were calling for new lows; I said nope, we got five waves at the top, we got an ABC and then we go— and that’s when the alts take off.”

His base case now envisions a relief rally toward the $107,000–$108,000 band—the level where a trend-line projected from the two post-halving peaks intersects—before a final leg lower drives price into what he calls the “pain box” sandwiched between the 0.702 and 0.618 Fibonacci retracements of the entire rally from last October’s $58,000 breakout. In 2021 that zone ultimately wicked to the exact 0.618, a move he believes could repeat, implying spot levels between roughly $96,500 and $92,000. “This measurement fits the parameter now… if it wants to turn around and rip, great,” he conceded, “but there’s still a very good chance that was not the end.”

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Internally, the analyst parses the current drop as the developing C-wave of a larger flat, subdividing into a classic five-wave impulse. Wave three, he notes, appears complete; wave four “could come up high,” granting altcoins a short-lived pop, “but hopefully, again, sooner than later, we roll over.” He cites 2021’s July fractal, when Bitcoin bounced 20% before sliding a final time, as a psychological template. “When there’s a big news narrative event,” he observed, “we’ll get a little relief—people think it’s done—then wham, one more thing to scare retail.”

Macro sentiment, he argues, remains fragile. The Chicago Mercantile Exchange gap at $92,000 is drawing “average-retail” bids, a setup he characterises as a “washing machine” in which professional money fronts liquidity only to fade it. “Retail is just a washing machine, man… that buy isn’t going to get filled,” he warned. Still, he reiterated long-term optimism, revealing he “hammered some buys” during Monday’s dip and advising his followers to dollar-cost average—“not financial advice”—through the turbulence.

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Quantum Ascend’s upside target for the ensuing impulsive advance is comparatively restrained: $132,000, a level he says enjoys “two pieces of confluence” and would coincide with “the alts moment” when Bitcoin dominance finally cracks. “We will eventually work our way back up near the top of this B-wave… flag a little, and then boom,” he predicted, referencing November 2021’s so-called “Trump pump” that ignited a multisector altcoin surge.

For now, traders watch the 0.702–0.618 pocket and the mooted relief ceiling at $108,000. Should Bitcoin slice through support without that interim bounce, the analyst says, the flush could conclude “sooner than later,” clearing the runway for what he calls “the next few months—our moment.” In his sign-off he urged viewers to “be an adult, live through it,” but also confessed palpable excitement: “I feel really good about where we’re at.” Whether the market shares his confidence will likely become clear once the final C-wave verdict arrives—perhaps, he hopes, within the week.

At press time, BTC traded at $105,077.

Featured image created with DALL.E, chart from TradingView.com

A widely followed cryptocurrency analyst says Bitcoin (BTC) could ignite a rally like the one witnessed last cycle if history repeats itself.

The analyst, pseudonymously known as Kaleo, tells his 704,200 followers on the social media platform X that in 2020, Bitcoin sparked parabolic rallies to new all-time highs after the stock market had fully recovered from the COVID-19 crash and broke out to new record highs.

According to Kaleo, the S&P 500 stock index is “once again on the verge of breaking out to new all-time highs” following the correction that resulted from the imposition of tariffs on trade partners by the US.

“I believe we see history repeat itself, and as equities break out – Bitcoin does the same and significantly outperforms.”

As of Friday’s close, the S&P 500 is trading at 5,967 points, down by just about 3% from its record high of 6,147 points.

The pseudonymous analyst further says that, unlike in the previous cycles, Bitcoin is now attracting new sources of demand. According to Kaleo, this is a reason to “be more bullish” on the flagship crypto asset.

“This is the first cycle with spot Bitcoin exchange-traded funds (ETFs). Something we dreamed of in previous cycles, but never saw come to fruition. This allows potential investment of new capital into BTC at a rate we’ve never seen before.

Countries and corporations are starting to build BTC reserves. El Salvador, Tesla, Gamestop, and others are only the first dominoes to fall.

We finally have a pro-crypto president in the US pushing for pro-industry regulation.

The tech and infrastructure of the industry is also better than it’s ever been. [Decentralized Applications] DApps are more advanced, BTC is being used as a development layer, and the number of places that accept BTC as a form of payment is higher than it’s ever been before.”

Bitcoin is trading at $104,143 at time of writing, down by around 7% from the all-time high reached last month.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Cryptocurrency analyst Benjamin Cowen is saying that Bitcoin (BTC) could be on the verge of a pullback after soaring to new all-time highs.

In a new strategy session, Cowen tells his 898,000 YouTube subscribers that Bitcoin is on the cusp of forming a golden cross pattern on the daily time frame.

A golden cross pattern occurs when a 50-day moving average crosses above the 200-day moving average. Cowen says that while the golden cross pattern is typically bullish, it has previously led to Bitcoin “dumps” in the past.

“My prior experiences with golden crosses influenced me to think that with a golden cross, you get a correction. We had a correction after the golden cross in 2019, we had one in 2020. We had also had one in 2021… …we also had one after a golden cross in 2015 and that was a much deeper correction.”

According to Cowen, Bitcoin could experience a correction of double-digit percentage points after the golden cross pattern forms.

“Looking at prior golden crosses… …just noticing that a lot of times you get a golden cross, you get about a 10 to 15% drop.”

The widely followed crypto analyst further says,

“So my prior experiences with golden crosses with Bitcoin in 2023 had always told me that you rally up by the time you get to the point where you get a golden cross price action has already done very very well, people tend to get euphoric, they start calling for crazier and crazier price predictions in the short term. And then what ends up happening is then Bitcoin gets a pullback. And it keeps those people in check. And it’s just sort of a way of the market… calming down for a little while.”

Bitcoin is trading at $110,911 at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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