An influential analyst in the crypto industry claims that the recent halving of Bitcoin has not yet been fully factored into the markets. The halving event, which cut miners’ rewards in half, has historically triggered a parabolic rally for Bitcoin, according to the pseudonymous trader Rekt Capital. However, he points out that it usually takes a few months for the market to fully price in the effects of the halving. Rekt Capital believes that although the price won’t reach astronomical levels like $400,000, a breakout to new all-time highs is inevitable. He emphasizes the importance of the current re-accumulation phase, stating that the longer the consolidation period, the stronger the subsequent uptrend will be. Rekt Capital recently stated that Bitcoin has exited the “danger zone” for corrections in its market cycles, but suggests that breakout rallies to new highs may not occur until September of this year. As of now, Bitcoin is trading at $68,580.