According to analyst CryptoBird, Bitcoin is approaching a critical turning point: “The bull run will end in ten days.” This means the rally could conclude around October 24, followed by a correction phase.

CryptoBird notes that the current cycle resembles the peaks of 2017 and 2021. If history repeats itself, the market has only a brief window left before correction begins.

“It’s been 1,058 days since the cycle bottom — 99.3% of the historical bull phase is complete, leaving just 0.7%. Our target date, October 24, is ten days away,” the analyst wrote on X. He added that the recent pullback “fits perfectly into the historical pattern,” marking the phase where “the last weak hands capitulate before the euphoric top.”

Another analyst, Captain Faibik, also warned of a possible reversal: “The Bitcoin bull run is over — a bearish correction of up to 50% is likely in the mid-term.”

The effects of the massive sell-off on October 10 are still being felt. Trade tensions between the U.S. and China triggered forced liquidations totaling around $19 billion — the largest in crypto history. Bitcoin is currently trading near $106,000, about $20,000 below its early October high. The total market capitalization has once again fallen below $4 trillion, while the Fear and Greed Index signals “extreme fear.”