Bitcoin Bull Run Nears End: Take Profit Now

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Bitcoin (BTC) reached a new all-time high of almost $126,000 over the weekend, continuing its long-term rise in price.

But a well-known market analyst is now warning that the current bull cycle will only last for about two more weeks, which means that investors have a short amount of time to lock in profits before a possible downturn.

A Final Push to New Highs
According to on-chain analyst Gigi Sulivan, the cyclical nature of Bitcoin points to a bull market conclusion around October 20. This projection, calculated from the April 2024 halving event, aligns with a historical pattern of bull phases lasting approximately 546 days.

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