Bitcoin bull market may gradually subside within 2-3 months If the Bitcoin cycle continues the trend of 2020, the market is likely to reach its peak in October, which is 550 days after the Bitcoin halving in April 2024. Many market participants have overlooked the halving cycle and predicted that the "cycle extension" may continue until 2026. These participants are putting aside halving cycle indicators to 'chase new narratives', such as the correlation between Bitcoin and the global M2 money supply. Chasing new Bitcoin indicators is' an emotional behavior '. However, some cryptocurrency analysts believe that given the surge in institutional investors' adoption of Bitcoin, the typical Bitcoin halving cycle is now less reliable, which did not occur in previous cycles. BTC