• 13 October, 2024
News

Rekt Capital’s “Realistic” Analysis Of Bitcoin Pre-Halving

Rekt Capital’s “Realistic” Analysis Of Bitcoin Pre-Halving

Trader and analyst Rekt Capital claims in his latest newsletter to have provided the “most realistic” extensive insights and analysis on the most likely result of Bitcoin, the most renowned cryptocurrency in the world, before its upcoming halving next year.

When considering the price of Bitcoin in relation to the Bitcoin Halving, Rekt laid out what he believes to be some fundamental factors that need to be taken into consideration.

The first issue is that both the returns received before and after the Halving seems to be decreasing with each subsequent Halving. And as a consequence of this, the conclusion seems to have drawn itself, which is that – secondly – Bitcoin has a tendency to rise the greatest following the Halving.

According to Rekt Capital’s analysis, the rate of return on investment (ROI) that Bitcoin generates prior to the Halving event is significantly lower than the ROI it generates after the Halving event; however, it takes Bitcoin roughly the same amount of time to generate ROI prior to the Halving event as it does to generate ROI after the Halving event.

This makes perfect sense; the euphoria surrounding the Bull Market tends to increase as it progresses, and as a result, the exponential growth of the uptrend following the halving causes the price to increase even more; however, what is interesting is that this process takes roughly the same amount of time.

The third tenet is that Bitcoin rallies less before the Halving and more after it, but the length of time it takes for each of these movements is about the same. Bitcoin prices have a tendency to reach their lowest point somewhere between 400 and 518 days before the Halving. The newsletter went on to say that the typical peak for Bitcoin occurs somewhere between 371 and 546 days following the Halving of the block reward.

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