An expert cryptocurrency analyst has provided a detailed breakdown of the different phases of a Bitcoin (BTC) halving. Every four years, the rewards for BTC miners are reduced by half in what is known as the halving event. The most recent halving took place just one week ago on April 19th, and since then, the price of BTC has remained relatively stable. According to the pseudonymous crypto trader known as Rekt Capital, we are currently in the first phase of the halving, which is the transitional phase. This is followed by the re-accumulation and parabolic upside phases.

In a comprehensive post shared on the social media platform X, the analyst explains that BTC is currently in the post-halving “Danger Zone.” The analyst suggests that if the historical pattern from 2016 were to repeat in 2024, BTC could potentially experience a temporary drop in price over the next two weeks. The transitional phase, which consists of the pre-halving “Danger Zone,” the final pre-halving retrace, and the post-halving “Danger Zone,” sets the stage for the next significant phase in the Bitcoin Halving Cycle.

According to the analyst, the next phase, the re-accumulation phase, could last around 150 days or approximately five months. However, there is hope for BTC in the form of the parabolic upside phase. Once BTC breaks out of the re-accumulation area and enters the parabolic uptrend, it is expected to experience rapid growth. Historically, this phase has lasted just over a year, but there is a possibility that it could be shortened in the current market cycle due to a potential Accelerated Cycle.

At the time of writing, BTC is valued at $63,529, showing a 1.5% decrease in the past seven days.

Please note that all opinions expressed in this article are not investment advice, and readers should conduct their own research before making any high-risk investments in Bitcoin or other cryptocurrencies. The Daily Hodl does not endorse the buying or selling of any digital assets and is not an investment advisor.