A cryptocurrency strategist who accurately predicted the Bitcoin correction before its halving this year believes that BTC is currently experiencing a technically solid breakout process. Rekt Capital, an analyst with a large following on X, a social media platform, suggests that Bitcoin is in the process of converting a key resistance level into support, stating, “The previous downtrend is now acting as support. It appears to be a textbook confirmation of a breakout.” In order to solidify the breakout, the analyst says that Bitcoin needs to close the current week above two crucial levels. A bullish weekly close would be above approximately $66,300, while a very bullish weekly close would be above approximately $67,900. At the time of writing, Bitcoin is being traded at $66,989. Rekt Capital points out that despite Bitcoin’s long consolidation period, the halving cycle is still on track. By examining historical data, the analyst notes that Bitcoin is currently ahead of previous halving cycles by more than a month. In the 2015-2017 cycle, Bitcoin reached its peak 518 days after the halving, while in the 2019-2021 cycle, it peaked 546 days after. If history repeats itself and the next bull market peak occurs 518-546 days after the halving, then Bitcoin could peak in this cycle around mid-September or mid-October 2025. Currently, Bitcoin is still accelerating in this cycle by approximately 35 days. Therefore, the longer Bitcoin consolidates after the halving, the better it will be for resynchronizing this current cycle with the traditional halving cycle.