While Bitcoin has experienced a significant increase recently, surpassing $67,000, analysts continue to interpret BTC's price movements and make new predictions.
At this point, many analysts argue that Bitcoin is currently in a consolidation and reaccumulation phase.
Analysts note that the current phase presents an opportunity for investors to buy at affordable prices before BTC begins its post-halving rally.
One of these analysts, Rekt Capital, claimed that Bitcoin is in the halving decline and reaccumulation phase before starting the big bull rally.
Referring to historical data in his analysis, the analyst compared the last halving with the halving cycle that took place in 2020.
The analyst said that Bitcoin consolidated for 160 days before starting its parabolic rally after the halving in 2020 and experienced a retreat of approximately 19% after the halving, and pointed out that there was a 24% retreat after the 2024 halving.
