#BTC
3 Phases of The Bitcoin Halving
1. Final Pre-Halving Retrace
A Pre-Halving retrace tends to occur a 28 to 14 days before the Halving event itself (dark blue circle)
In 2016, this Pre-Halving retrace was -38% deep and lasted 3-4 days
In 2020, this Pre-Halving retrace was -20% deep and lasted 56 days (8 weeks)
Currently, $BTC is just over 14 days away from the Halving, pulled back -18% in total over the past couple of weeks
If the Pre-Halving Retrace bottom is in...
BTC therefore would've repeated a lot of qualities from the Pre-Halving Retrace of 2020
After all, the most recent retrace was -18% deep and lasted 7 days or so
However, Bitcoin in 2024 also repeated some 2016-like qualities as well
Because Bitcoin began its Pre-Halving Retrace ~30 days before the Halving whereas in 2016 Bitcoin began its retrace 28 days before the Halving
As a result, it looks like Bitcoin may be repeating pieces of both 2016 and 2020 Pre-Halving price tendencies
But the goal of a Pre-Halving Retrace is three-fold:
a) To offer one final bargain-buying opportunity in the Pre-Halving period
b) To form the Range Low of the future Re-Accumulation Range
c) To set up the next phase in the Bitcoin Halving Cycle: "Re-Accumulation" (red box)
With the latest rejection at ~$70,000...
It's possible that we may now know where the Range High of the Re-Accumulation Range may be
As a result, it's possible that this Pre-Halving Retrace period has already established the very beginnings of the Re-Accumulation phase
2. Re-Accumulation
The beginning of the "Re-Accumulation" phase occurs once the Pre-Halving Retrace has bottomed
In other words, the bottom of the Pre-Halving Retrace historically becomes the bottom of the Re-Accumulation Range (red)
It's still uncertain if the Pre-Halving Retrace bottom is in
However, because a Pre-Halving Retrace has occurred already...
It is possible that Bitcoin is slowly transitioning away from its Pre-Halving Retrace phase into its "Re-Accumulation" phase (red)
The goal now is for Bitcoin to move sideways going into the Halving and beyond
The Re-Accumulation phase can last multiple weeks and even 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 is the very first time that this Re-Accumulation Range is developing around the New All Time High area
As a result, this Re-Accumulation Range may simply take the shape of a regular sideways range like we've seen throughout the cycle thus far and may not last very long before additional uptrend continuation
3. 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
🚀 BITCOIN HALVING ROADMAP🚀
First Halving: Nov 1, 2012
371 Days of Bull Market!
Second Halving: July 11, 2016
518 Days of the Bull market!
Third Halving: May 11, 2020
546 Days of Bull Market after Halving 3
Fourth Halving April 25 2024 (Expected
Likely to last 478 Days to 512 Days of Bull Market.
As per fractals and data from the charts, the expected time for Bitcoin’s next Bull Market top will be in the month of September 2025.
The logarithmic scale has a target set at approximately $115,123, marking a colossal 330% surge from the current market price.
A decent target IMO.
You better bookmark this chart, more alpha is to be dropped this week!
What's your thought? Do you have a price target in your mind?
#Crypto
Please do not fall for these memecoin scams.
They are just pathetic attempts to grab liquidity from people.
It is disheartening to see just how much these scams are being promoted.
CPI better than expected, but still very high.
Price is testing a massive resistance zone here and forming a lower high. I'm still 100% out of the market.
We are incredibly proud to announce that MoonBoots will be merging with the @GF_Cryptopicks community and @Bullrun_Gravano will be joining us as a partner.
Bullrun has been an amazing ally and friend. We're excited to have his expertise and skill set.
👉https://t.co/NayldBfqbW
What if a ridesharing platform actually worked for its users and drivers? @Drife_official is realigning the incentives for the industry.
With a strong team and value proposition, Drife could be the next blockchain unicorn. 🦄
👉https://t.co/xCdZRtpeuh
👉https://t.co/7EIcpDR6oA