Bitcoin, the world’s largest cryptocurrency, has recently shown strong performance with double-digit gains over the past week, once again surpassing $67,000. As of now, Bitcoin is trading at $67,132, with a market cap of $1.322 trillion. Many market experts believe that Bitcoin is currently in a re-accumulation phase, offering the last chance to buy at a bargain price before it resumes its post-halving rally.

Renowned crypto analyst Rekt Capital has pointed out that Bitcoin is in the final stage of its halving retrace before it continues its upward trend. According to the analyst, in 2024, the Halving Retrace reached a low of -23.6%, marking the deepest retrace in the current cycle. This retrace is seen as the last opportunity to buy Bitcoin at a bargain price immediately after the halving.

With the Halving Retrace now over, a foundation has been set for the Re-Accumulation Range. This range typically forms a few weeks before the halving and ends with a breakout a few weeks after. The range spans from approximately $60,000 to $70,000, with occasional dips beyond these limits. The Re-Accumulation phase can last several weeks, potentially extending up to 150 days (or 5 months). Once Bitcoin breaks out from this range into a parabolic uptrend, it enters a phase of rapid growth.

In 2020, Bitcoin experienced a -19% retracement around its halving event, followed by a 160-day consolidation period before entering a parabolic phase. Similarly, in 2024, Bitcoin has retraced nearly -24% around its halving. If past patterns repeat, Bitcoin could consolidate for up to 160 days before breaking out into a parabolic phase, signaling significant price increases. This analysis suggests a substantial price surge could follow a period of stability, shedding light on Bitcoin’s cyclical behavior post-halving.

Santiment has noted that Bitcoin is currently hovering just above $66,100, as small traders continue to sell their holdings despite a crypto market rebound over the past week. Historically, the trend of smaller wallets selling their coins to larger wallets has been seen as a positive and bullish sign for Bitcoin.

In conclusion, Bitcoin’s current re-accumulation phase may represent the final chance to buy at a lower price before a significant post-halving rally. With historical trends suggesting a period of consolidation followed by a parabolic rise, investors are watching closely for the next big move.