With 72,300 subscribers on YouTube, the analyst going by the alias Rekt Capital claims that Bitcoin is in a reaccumulation phase right now and will shortly enter the final pre-halving retracement period.
The expert claims that the two last periods that let investors buy Bitcoin before it experiences a sharp increase in value following the halving, when miners' payouts are cut in half, are the reaccumulation and pre-halving retracement stages.
“These two phases are the prime opportunities for Bitcoin. These are the last two phases that offer bargain buying opportunities before we embark on a post-halving parabolic rally to new all-time highs and beyond.”

According to Rekt Capital, during its reaccumulation phase, Bitcoin is expected to trade between $10,000 and $12,000 in value.
“With this recent rejection from $70,000 it looks like we have the top of this re-accumulation range set in stone pretty much.
Now that just gives us the only question mark left, where is the bottom of this re-accumulation range? This downside wick [to around $62,000] has given us an idea that it is going to be at $60,000 or so.”
The expert going by a pseudonym speculates as to when the spike to new highs might happen:
“Whatever downside we get here, that is really just going to be one of those final golden opportunities before we enter what’s essentially the last phase in the halving cycle – the post-halving parabolic upside phase that occurs many weeks or even months after the re-accumulation phase.”