The current Bitcoin price boom might be reaching its peak as BTC trades around $109,000. Market observers have indicated that the coin needs to undergo a correction prior to a last boom that may end the current bull run. currently, BTC has been flirting around $109,000, with a strong fight between the bulls and bears for the next directional move.  What Do Analysts Have To Say On Bitcoin Price? Analyst Rekt Capital believes that Bitcoin’s price expansion phase could wrap up as early as October. By referring to historic patterns, especially at the movement of the market after the halving in 2020, he said that “we have a very small sliver of time and price expansion left.” The halving in the present cycle took place in April 2024. Using past cycles as a precedent, the top may come 550 days later, or in October 2025. Although Bitcoin price cracked the $110,000 level before resettling at $108,935, which is merely 2% off its all-time high, Rekt Capital has been cautious. “That’s already two to three months potentially that we have left in this bull market,” he said in a recent market update. Source: Rekt Capital Some investors and analysts argue that the halving cycle, a model that previously helped predict major tops and bottoms, has become less relevant in today’s environment. Such sentiment was refuted by Rekt Capital, who termed it as an abandonment of established signs in lieu of new tales. “Many people are happy to throw away time-tested principles,” he said. He noted that newer theories linking Bitcoin’s performance to metrics like global money supply lack the historical reliability of the halving model. For instance, crypto commentator Crypto Auris hinted that as the world money supply of M2 increases, Bitcoin price might hit about $170,000. Whilst, institutional analysts have offered major BTC price targets. On Thursday, Geoff Kendrick, the digital asset research head at Standard Chartered, said that the nature of Bitcoin has changed because of augmented capital inflows, as highlighted in our previous report. Kendrick said, “We believe BTC has moved beyond the previous dynamic whereby prices fell 18 months after a ‘halving’ cycle.” Standard Chartered previously made an estimate of $200,000 as the value of Bitcoin at the close of the year. That figure was mirrored by investment house Bernstein. Meanwhile, BitMEX co-founder Arthur Hayes has taken a more aggressive stance, suggesting a year-end target of $250,000. BitMEX’s Arthur Hayes Signals Caution There was, however, a cautionary note on the short-term by Hayes. In the blog, titled ‘Quid Pro Stablecoin’, he gave a warning that Bitcoin might encounter a temporary drop to 90,000 after the passing of new U.S. fiscal legislation. President Trump-sponsored ‘Big Beautiful Bill’ promises tax cuts and raising the debt ceiling, which Hayes thinks will force the U.S. Treasury to go into an overdraft overhaul. Additionally, the US Dollar weakness will play a critical role in market volatility.  Hayes believes that it will suck the liquidity out of risk asset exposure, such as Bitcoin. “Be cautious,” Hayes wrote as any liquidity shortage can potentially force crypto prices down before fresh gains. The bill passed both the House and Senate and could be signed into law on July 4, U.S. Independence Day. Nonetheless, despite near-term volatility, Hayes has forecasted that Bitcoin price could eventually hit $1 million by 2028 as capital shifts away from the U.S. Treasury bonds.

BitMEX co-founder Arthur Hayes is still extremely bullish on Bitcoin, but he believes the apex crypto could briefly plunge and retest $90,000 levels this year if President Trump’s Big, Beautiful spending bill is signed into law. In a July 2 blog post entitled “Quid Pro Stablecoin,” the African-American crypto billionaire said that the president’s budget mega-bill — which aims to slash taxes and increase the debt ceiling — could result in the U.S. Treasury borrowing more. The bill cleared Congress on July 3 after passing the House of Representatives on a narrow 218-214 vote. Notably, financial analysts estimate that the bill could increase the national debt by $3.3 trillion over a decade. President Trump is expected to sign the bill into law on Independence Day. “Proceed With Caution” Hayes argued that the Treasury would refill its General Account, causing a potential liquidity drain from markets — and in turn impacting the price of assets such as Bitcoin. This drain, estimated to be about $500 billion, could temporarily drag Bitcoin’s price to the $90,000 to $95,000 range. “Proceed with caution,” Hayes posited, adding that “the bull market might be interrupted for a short period of time.” Bitcoin was trading for $109,025 per coin at publication time after barely moving over the past 24 hours. The crypto is up over 1.9% in the last seven days, according to data from CoinGecko, and is still 2.6% away from its May historic high of $111,814.  Despite potential short-term correction, Hayes — now the chief investment officer at the VC firm he co-founded, Maelstrom Fund — remains upbeat about Bitcoin’s long-term price action, suggesting that a smooth market absorption of the bond issuance could keep Bitcoin stable above $100,000. The former BitMEX CEO previously predicted that the U.S. central bank’s monetary policy, specifically money printing, would eventually be a boon for Bitcoin and other crypto assets. Earlier last month, Hayes forecasted that Bitcoin would skyrocket in the coming months to smash $250,000 before the end of 2025. The rocket surge will be bolstered by the U.S. Federal Reserve accelerating money printing to curtail the ballooning national debt.