Famous analyst: The pre-halving rally has begun in Bitcoin (BTC)!

Crypto analyst Rekt Capital stated that the expected rally before the Bitcoin (BTC) halving has already begun.

There is a spring atmosphere in the cryptocurrency market. The consolidation that occurred with the start of trading of spot Bitcoin ETFs on January 11 is about to end. As Grayscale's selling pressure faded, other ETF providers accumulated large amounts of BTC.

The cryptocurrency market, which has been declining since January 11, gave a signal of recovery last week. BTC reached 48 thousand dollars and also mobilized altcoins. Crypto analyst Rekt Capital, in his social media post where he evaluated the situation, stated that the expected rally before Bitcoin halving has already started. According to the analyst, the crypto market is experiencing a rally.

## Gözler Bitcoin (BTC) halving’inde!

The cryptocurrency market has set its sights on the Bitcoin halving after spot Bitcoin ETFs. The halving, which is expected to take place approximately 65 days later, has started to whet investors' appetite. Many investors began to think that the Bitcoin halving was the factor that would start the bull run.

Cryptocurrency analyst Rekt Capital stated that the process in which BTC is at a disadvantage before the upcoming Bitcoin halving has been completed. The analyst stated that the pre-halving rally that the crypto industry has been waiting for has already begun.

#BTC

The Pre Halving Downside phase is over

Time for the $BTC Pre Halving Rally phase#Crypto #Bitcoin

— Rekt Capital (@rektcapital) February 9, 2024

Rekt Capital evaluated the progress of Bitcoin in 5 stages with its post on February 5. The first phase was stated as the negative period before the halving. According to the analyst, this phase is over. The other 4 stages of the analyst are, respectively, rally before the halving, retreat before the halving, consolidation, and parabolic uptrend.

Historical models used by Rekt Capital show that the rally expected before the Bitcoin halving is generally It shows that it started two months ago. Pointing to the timeline, the analyst said that the rally could start next week.

The famous analyst also underlined that caution should be exercised as the timeline occurs earlier than expected.