According to CryptoPotato, according to the analysis of analyst Rekt Capital, Bitcoin (BTC) is going through the first stage of the halving cycle, and it is consistent with the analysts' predictions. Rekt Capital said on Twitter that Bitcoin's 18% pullback in the past few weeks was expected, as similar declines occurred before the second and third halvings. This suggests that BTC may repeat many of the situations in previous events, including the post-halving rally, which will drive the asset to new highs. The three stages of Bitcoin halving are the final pre-halving pullback, reaccumulation, and parabolic uptrend. The first stage usually occurs 28 to 14 days before the event and may last for several weeks. The second stage begins after the bottom of the pullback and may last up to five months, while the third stage may last more than a year. During the halving in 2016, the pullback was 38% and lasted four days. In 2020, the depth was 20% and lasted eight weeks. Currently, Bitcoin is about 13 days away from halving, and the asset has fallen by about 18% in the past three weeks.

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