Cryptocurrency analyst Rekt Capital, before the halving Bitcoin He stated that the consolidation in its price is in its final stages. The analyst told 72,300 YouTube subscribers that BTC is currently in a reaccumulation phase and will soon go through a withdrawal phase before the last halving.
According to Rekt Capital, the reaccumulation and pre-halving withdrawal phases are two critical phases that allow Bitcoin to load into BTC during the time period when miners’ rewards are halved. The analyst said, “These two phases present great opportunities for BTC. “They stand out as the final two phases that offer bargain buying opportunities to all-time highs and beyond before a parabolic rally begins post-halving.” explains.
Rekt Capital predicts that BTC will likely trade in a price range of $10,000 during the reaccumulation phase. “With this latest rejection from $70,000, the top of this reaccumulation range seems all but assured,” the analyst said. says. Now, the only question mark before us is where the bottom of this reaccumulation range will be. “This bearish candle to around $62,000 gave us an idea that it would be around $60,000,” the analyst said. He adds:
According to the analyst, on when the rise to new highs may occur, “No matter how much negativity we experience here, this will actually be one of the last golden opportunities before entering the final phase of the halving cycle. “The post-halving parabolic rise phase that occurs weeks or even months after the reaccumulation phase.” He evaluates as follows.
