#BTC   

2 Phases of The Bitcoin Halving

1. Re-Accumulation (red box)

A Re-Accumulation Range develops a few weeks before the Halving and concludes with a breakout from it months after the Halving

This Re-Accumulation Range is between ~$60000 and $70000, with wicks to either side of the range

In fact, Bitcoin is producing downside wicks below the major support of ~$60000 as we speak

The goal now is for Bitcoin to protect this ~$60000 support with Weekly Candle Closes above said level

More, after protecting this level, the goal would also be to continue moving sideways in the ReAccumulation Range in preparation for the next phase in the cycle - the Parabolic Phase (green)

The Re-Accumulation phase can last a few months, 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

2. Parabolic Uptrend (green box)

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

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