A few weeks ago I uninstalled the false idea he had about #Bitcoin from a friend’s brain.
Then I proceed to install the real concept about bitcoin, freedom, blockchain, timestamp, cycles, 21M, hashrate, and everything that we bitcoiners take for granted.
#OrangePill delivered ₿
#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
THE SATOSHI EMAILS: BITCOIN'S NEW MONEY MAN
Last week, 100+ emails written by #Bitcoin's creator were published for the 1st time. The biggest addition to his archive, they are filled with new findings.
None may be more interesting than a "mystery donor." Here's what we know:
#Bitcoin has no founder
#Bitcoin has no ruling foundation
#Bitcoin had no pre-mine
#Bitcoin has no insiders
#Bitcoin has no initial investors
#Bitcoin has no office
#Bitcoin has no website
#Bitcoin has no paid executive team
#Bitcoin has no marketing team
#Bitcoin has no paid dev team
#Bitcoin had no starting price
#Bitcoin has no human controlling it
#Bitcoin is the fairest money on Earth
Everything else 👎🏽
#Bitcoin only
@mattunchi Entiendo que sigues refiriendote a Acala, pero con la cantidad de apoyo institucional que tiene, fondos de inversión y un grant web3 crees que lo abandonen? Pregunto, no afirmo.
Nuestra prioridad es no ceder nuestros derechos y libertades al poder del Estado y de las grandes corporaciones ante la imposición de las CBDC's.
Estamos preparados para la batalla.
@Guerrilla_BTC#Bitcoin#NoCBDC