$BTC BITCOIN HALVING PHASES
Pre-Halving Retrace:
This phase typically occurs 28 to 14 days before the actual Halving event
In 2016, the Pre-Halving retrace was a -38% decline lasting 3-4 days.
In 2020, it was a -20% decline lasting 56 days (8 weeks).
Currently, $BTC is just over 14 days away from the Halving and has pulled back -18% in the past couple of weeks.
The goal of this phase is three-fold:
Offer a final bargain-buying opportunity during the Pre-Halving period.
Form the Range Low for the future Re-Accumulation Range.
Set up the next phase: “Re-Accumulation” (indicated by the red box).
Re-Accumulation:
This phase begins once the Pre-Halving Retrace has bottomed.
Historically, the bottom of the Pre-Halving Retrace becomes the bottom of the Re-Accumulation Range
While it’s still uncertain if the Pre-Halving Retrace bottom is in, Bitcoin may be transitioning away from this phase.
The recent rejection at ~$70,000 suggests we might know the Range High of the
Re-Accumulation Range.
It’s possible that this Pre-Halving Retrace period has already established the beginnings of the Re-Accumulation phase.
Parabolic Uptrend:
This phase occurs when Bitcoin breaks out from the re-accumulation area and enters a strong upward trajectory.
During this phase, Bitcoin experiences rapid growth as it surges into a parabolic uptrend.
Historically, this phase has lasted approximately a little over a year (around 385 days).
However, with the potential for an Accelerated Cycle in the current market cycle, this duration may be shortened.
