Rekt Capital a well-known analyst shared his opinion on twitter regarding what to expect to happen a few days before the Bitcoin halving begins. He analyzed and divided Bitcoin's pre-halving period into five phases: Pre-halving period, pre-halving bull run, pre-halving retracement, Re-accumulation, and parabolic bull run. The analyst shared his screenshot to explain the 5 phases in question.
The bullish phase before the halving where investors look for loopholes to enter the market will create a fairly deep retration and usually results in extraordinary returns for investors a few months later after the halving occurs. From a historical point of view, it continues to repeat itself like this and of course this phase is an important phase to maintain mentality and confidence in Bitcoin, because after the increase phase it will be followed by a retration phase where after high hype will be replaced by doubt and fear among investors. Rekt Capital took the example of what happened during the halving in 2016 and 2020, when bitcoin experienced a retration of 38% and 20% respectively. Continuing from there, the re-accumulation phase will come and last for several months, followed by the final phase of a parabolic increase which according to the analyst will be a period where Bitcoin will experience very rapid growth towards its all-time high price (ATH). #BinanceSquare #halving #Crypto2024 #bitcoin $BTC $ETH $XRP
