A prominent cryptocurrency analyst is providing a detailed breakdown of the different stages of a Bitcoin halving. The halving event occurs every four years and involves a reduction in BTC rewards for miners. The most recent halving took place on April 19th, and since then, the price of BTC has remained relatively stable. The analyst, known as Rekt Capital, explains that there are three phases to a halving: the transitional phase, the re-accumulation phase, and the parabolic upside phase.
The transitional phase, which is the current phase, consists of three sub-phases: the pre-halving “Danger Zone,” the final pre-halving retrace, and the post-halving “Danger Zone.” According to Rekt Capital, BTC is currently in the post-halving “Danger Zone.” The analyst suggests that if history were to repeat itself, BTC could experience a temporary drop in value over the next two weeks.
The next phase, the re-accumulation phase, is expected to last around 150 days or approximately five months. During this phase, BTC will consolidate its gains and prepare for the next major move.
Finally, the parabolic upside phase is where BTC experiences accelerated growth and enters a strong upward trend. This phase historically lasts for over a year, but with the potential for an accelerated cycle in the current market, it could be shorter.
Despite the current phase being labeled as the “Danger Zone,” the analyst remains optimistic about the future of BTC. The price of BTC is currently at $63,529, showing a slight decrease of 1.5% over the past week.
Please note that the opinions expressed in this article are not investment advice, and readers should conduct their own research before making any investment decisions.
