Prominent crypto analyst Rekt Capital expressed that Bitcoin (BTC) is gathering strength before a significant upward surge.

In their analysis dated March 29, crypto analyst Rekt Capital discussed Bitcoin. The consolidation following the $73,700 peak in recent weeks is seen as a phase of accumulating power, according to the analyst, who also pointed toward new highs.

The analyst emphasized that there are only a few days left until Bitcoin’s halving, and the signals of pre-halving price increases indicate a calm before the storm for Bitcoin.

Upon examining the overall picture, the analyst noted that Bitcoin is repeating its price movements before the halving, both in 2016 and 2020. They further suggested that more significant price movements could follow after the pre-halving period.