Bitcoin Analyst Shows How BTC Is Repeating the 2016 Post-Halving Trend

• Rekt Capital has highlighted a critical development in Bitcoin’s price.
• The analyst showed that BTC has perfectly repeated a historical behavior from 2016.
• Bitcoin is entering the post-halving re-accumulation phase.

Rekt Capital, a renowned cryptocurrency analyst on X, has highlighted a critical development in Bitcoin’s price. In a recent post, Rekt Capital noted that the flagship crypto has repeated a historical behavior from the 2016 Bitcoin halving fallout.

#BTC

Bitcoin has repeated 2016 history perfectly, offering a downside wick below the bottom of its current Re-Accumulation range within a three-week window after the Halving$BTC #Crypto #Bitcoin https://t.co/5GHCnZrmB1 pic.twitter.com/QauIFZtX9p

— Rekt Capital (@rektcapital) May 11, 2024

Using the BTC/USD weekly chart, the renowned analyst revealed that BTC offers a downside wick below the bottom of its current re-accumulation range within a three-week window after the recent halving. From his shared charts, Rekt Capital showed that Bitcoin has completed its navigation across a three-week post-halving danger zone and is stepping into the next phase of the trend, the post-halving re-accumulation.

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