According to ChainCatcher, analysts at Rekt Capital said that if historical cycle patterns repeat themselves, Bitcoin may be on the verge of a breakthrough.

He pointed out that BTC usually breaks out of the reaccumulation range within 154 to 161 days after the halving. Currently, it is 157 days away from the halving event on April 20, which is within the breakout time range. Analysis shows that BTC has risen by about 9% this month, surpassing the 6% performance in September 2016.

The analyst noted that history doesn’t always repeat itself in a copy-and-paste fashion, but if it does in this cycle: “Bitcoin should break out of its re-accumulation range within the next few days, this week.”

Additionally, nine of the past 11 Octobers have delivered positive returns, with both 2017 and 2021 seeing notable gains.