A well-known cryptocurrency analyst is delving into the different stages of a Bitcoin halving in a detailed manner. The halving event occurs every four years and involves a reduction in the rewards given to miners. The most recent halving took place on April 19th, but the price of Bitcoin has remained relatively stable since then.

Rekt Capital, a pseudonymous crypto trader, explains that the halving process consists of three phases: the transitional phase, re-accumulation phase, and parabolic upside phase. Currently, Bitcoin is in the transitional phase, specifically in the post-halving “Danger Zone.”

Rekt Capital shares a comprehensive analysis with his large following on the X social media platform, stating that if history repeats itself, Bitcoin could potentially experience a temporary decline in the next two weeks, similar to what happened in 2016. This decline is part of the post-halving “Danger Zone.”

The next phase, the re-accumulation phase, is expected to last around 150 days or approximately five months. However, Rekt Capital sees a positive outcome in the parabolic upside phase. Once Bitcoin breaks out of the re-accumulation area and enters the parabolic uptrend, it is expected to experience rapid growth. Historically, this phase has lasted over a year, but there is a possibility of a shorter duration in the current market cycle.

At the time of writing, Bitcoin is valued at $63,529, representing a 1.5% decrease in the past week.

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