On September 14, famous cryptocurrency analyst Rekt Capital offered important clues about Bitcoin’s recent movements in a post on the X platform.

The analyst stated that Bitcoin is preparing to exit the accumulation range again and pointed out that historical patterns may repeat. Bitcoin has been trading in a reaccumulation phase since the beginning of March, but that process may be about to end.

Rekt Capital stated that based on Bitcoin’s past halving cycles, this breakout occurred between 154 and 161 days. Bitcoin halving event is a process in which mining rewards are halved, keeping the pace of new Bitcoin supply in check.

This event occurs approximately every four years and allows Bitcoin to reach its fixed supply limit of 21 million. The last halving occurred on April 20, 2024, and this date is within the historical window for exiting the reaccumulation phase, according to Rekt Capital’s analysis.

Looking at past halving cycles, in 2016 and 2020, Bitcoin exited the accumulation range 154 and 161 days after the halving event, respectively.

Rekt Capital stated that although history does not always proceed exactly the same, the current situation is quite compatible with previous cycles. This means that Bitcoin may exit the accumulation phase again in the next few days.

This analysis is notable despite the fact that September is generally considered a bearish month for Bitcoin. However, this year’s September paints a different picture than previous years.

Bitcoin has increased by 9.8% since the beginning of September. Bitcoin, which was traded at $58,147 at the beginning of the month, rose to $63,869 as of September 24. This rise made it Bitcoin’s best-performing September in the last decade, a sharp contrast to eight negative Septembers in the last 11 years.

Analysts point out that this rise may continue in the long term. One of the most important reasons for this is the increasing interest of institutional investors in Bitcoin. According to Bloomberg analyst Eric Balchunas, major Bitcoin ETF issuers may increase their Bitcoin holdings in the coming years.

Giant investment funds such as BlackRock may increase their Bitcoin purchases by the end of 2025, causing the supply in the market to tighten. This is seen as an important factor that can push the Bitcoin price up.

This view is supported by increasing investor demand for Bitcoin ETFs. It is thought that ETF issuers will have to purchase more Bitcoin to meet this demand, which will further restrict the supply of Bitcoin in the market.

Leading ETF analyst Eric Balchunas summed it up with these words: “BlackRock and other ETF issuers have been trading reliably in the market for years and have earned the trust of investors.”

In light of these developments, it is predicted that Bitcoin may experience a historical break in the coming days and reach a new peak by exiting the accumulation phase again. At the time of writing, Bitcoin was trading at $63,623 and had recorded a 7.7% increase on a weekly basis.