Analyst: Bitcoin Halving Impact Yet to Fully Unfold

Bitcoin's most recent halving has spurred a slow reaction in the market according to a prominent cryptocurrency analyst.

The anonymous trader known as Rekt Capital said on Youtube that there is usually a huge increase in the value of Bitcoin following halving events.

He adds that it normally takes some months before prices actually adjust in any noticeable way.

Even though the halving is yet to take full effect on Bitcoin’s price, Rekt Capital has pointed out that in history, there seems to be potential for bull run continuation.

He also stresses upon how important re-accumulation period is at the moment while opining that a longer consolidation period might end up strengthening the following uptrend.

Rekt Capital previously noted that Bitcoin had “left the danger zone” for corrections related to its market cycles.

However, he hints that significant breakouts leading to all-time highs could be expected around September of this year.

Author

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.