Rekt Capital Recommends Purchasing Bitcoin Prior to the Commencement of its Pre-Halving Rally

Renowned crypto analyst Rekt Capital has conducted a comprehensive analysis of Bitcoin’s journey leading up to the highly anticipated Halving in April 2024. According to him, investors may have just two weeks left to buy Bitcoin at discounted prices.

In a recent tweet, Rekt Capital sheds light on the current situation as investors navigate through the Pre-Halving period with approximately 77 days remaining until the Bitcoin Halving. Historical patterns indicate that deeper retracements during this phase often lead to significant returns post-halving. However, the recent -18% retrace in January raises interesting questions about its alignment with established historical patterns.

As time progresses, Rekt Capital observes a rapidly ending 14-day period, suggesting the possibility of another price drop for Bitcoin. He hints that this could be the final opportunity for investors to purchase Bitcoin at bargain prices.

With the Pre-Halving period winding down, Rekt Capital provides insights into the upcoming transition into the Pre-Halving rally phase. Around 60 days before the Halving, investors eagerly adopt the “Buy the Hype, Sell the News” strategy, with short-term traders and speculators adding fuel to the hype.

Following this excitement, Rekt Capital delves into the subsequent Pre-Halving retrace, occurring a couple of weeks before the Halving event. Historical data shows significant retracements observed in 2016 (-38%) and 2020 (-20%). This phase often leaves investors contemplating the expected bullish impact of the Halving on Bitcoin’s price.

After the Pre-Halving retrace, Rekt Capital examines the multi-month re-accumulation stage, lasting up to 150 days (5 months). Investors may face challenges during this period due to boredom, impatience, and disappointment with the immediate post-halving results. However, once Bitcoin breaks out from the re-accumulation phase and enters the green zone denoting a parabolic uptrend, it experiences accelerated growth on its way to new All-Time Highs.