Finesse Crypto

#BTC 4 Phases of The Bitcoin Halving 1. Pre-Halving Rally Approximately 35 days remain until the Bitcoin Halving in April 2024 And ~60 days before the Halving, a Pre-Halving rally tends to occur (light blue) History has repeated in this respect Now, Bitcoin is slightly more halfway through its Pre-Halving Rally phase Even so, Bitcoin has performed a historic, never-before-done feat in its price action in the Pre-Halving period... It has broken to new All Time Highs This Pre-Halving Rally phase has thus been extensive However technically, the next step is a Pre-Halving Retrace Historically, in anticipation of the Halving, investors "Buy the Hype" in an effort to "Sell the News" Short-term traders and speculators "Buy The Hype" several weeks before the Halving in anticipation of making a profit from this hype-fuelled rally Then these speculators "Sell The News" to realise that profit, contributing to a Pre-Halving retrace which occurs only a handful of weeks before the Halving event itself 2. Final Pre-Halving Retrace After the Pre-Halving Rally has concluded... A Pre-Halving retrace tends to occur a few weeks before the Halving event itself (dark blue circle) In 2016, this Pre-Halving retrace was -38% deep In 2020, this Pre-Halving retrace was -20% deep This Pre-Halving retrace can last multiple weeks and up to 77 days This year, Bitcoin has experienced a -18% pullback in January and a -14% this early March Therefore it's possible a Pre-Halving Retrace, should one occur, would more likely be on the shallower side than on the deeper side Also, this Pre-Halving Retrace could also be much shorter than has otherwise been the case historically 3. Re-Accumulation The Pre-Halving retrace is followed by multi-month re-accumulation (red) This period can last up to 150 days (i.e 5 months) Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving However, in this cycle it would be the very first time that this Re-Accumulation Range develops the New All Time High area As a result, this Re-Accumulation Range may simply take the shape of a regular sideways range and may not last very long before additional uptrend continuation 4. Parabolic Uptrend Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green) It is during this phase Bitcoin experiences accelerated growth into a parabolic uptrend Historically, this phase has lasted just over a year (~385 days) however with a potential Accelerated Cycle occurring right now, this figure may get cut in half in this market cycle $BTC #Crypto #Bitcoin