On September 24, analysts at Rekt Capital said that if the historical cycle pattern repeats itself, Bitcoin could be on the verge of a breakout. He noted that BTC typically breaks out of the reaccumulation range 154 to 161 days after the halving. It is currently 157 days since the April 20 halving event and is in the breakout time range. Analysis shows that BTC has gained around 9% this month, surpassing its 6% performance in September 2016. Analysts point out that history does not always repeat itself in a copy-and-paste fashion, but if it does repeat itself in this cycle: "Bitcoin should break out of its reaccumulation range in the next few days, this week." In addition, nine of the past 11 October's have achieved positive returns, with significant gains in both 2017 and 2021.