Rekt Capital, a widely followed analyst in the crypto space, announced that Bitcoin markets did not fully adapt to the last halving event, which cut BTC miners’ rewards in half. Rekt Capital argues that Bitcoin has historically sparked a parabolic rally after halving and that a repeat of this cycle is inevitable. However, the analyst points out that the actual pricing of the event usually occurs several months after the event.
Rekt Capital said, “Bitcoin halving is not priced. Historically, whenever we have seen a halving, we have seen an extraordinary rise at that point in the cycle; We’ve already seen new all-time highs, but we’ve been consolidating for a long time. “Therefore, it is only a matter of time before there is another breakout to new all-time highs.” Based on Bitcoin’s historical data, the analyst highlights that consolidation periods lasting more than 150 days are common before seeing a post-halving breakout into a parabolic rally that lasts several months.
According to Rekt Capital’s analysis, Bitcoin is currently in a reaccumulation period, and the longer this process lasts, the better it will be for the BTC price. “So for us to be accumulating again here, the longer it takes, the better. “The more we pause here and take a breath, the better it will be for the uptrend that will inevitably emerge later,” he says. This pause and accumulation process creates a solid foundation for potential future price increases, and the length of this process helps Bitcoin achieve a healthier and more sustainable uptrend.
Historical data on Bitcoin’s halving shows that this event usually triggers a large price increase. However, these increases may not occur immediately; After the halving, it takes time for the market to react to these changes and create new balances. According to Rekt Capital’s observations, this transition period can usually last several months, during which consolidation is seen rather than major fluctuations in prices. This process allows investors and miners to adapt to new conditions and helps the market reach a new equilibrium.
In conclusion, Rekt Capital’s analysis suggests that Bitcoin markets should take a careful and patient approach in the post-halving periods. For investors, this can be an important strategy to maximize potential gains. This analysis, based on Bitcoin’s historical cycles, offers a valuable guide to understanding future price movements and making investment decisions accordingly.
Finally, Rekt Capital recently said that Bitcoin is outside the “danger zone” where corrections have historically occurred during market cycles. However, he noted that BTC may not trigger major rallies towards all-time highs until September this year.
At the time of writing, Bitcoin is trading at $68,655.
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