The 4 stages of Bitcoin’s halving have moved on to the next:
Pre-Halving Rally: There are approximately 21 days left until Bitcoin’s April 2024 halving. Pre-halving rallies tend to occur approximately 60 days before the halving. The fact that history repeats itself shows that pre-halving rallies are often days ahead of schedule. At this stage, Bitcoin prices hit historic highs, but the upward momentum has slowed. Bitcoin has retraced about 18% in recent weeks. Therefore, the "pre-halving rally" phase is over, and Bitcoin has transitioned to the "pre-halving retracement" phase.
Pre-halving retracement: At this stage, the Bitcoin price may experience a certain degree of retracement to adjust to the previous gains. This stage is usually accompanied by fluctuations in market sentiment, and investors may adopt a wait-and-see attitude, waiting for better entry opportunities.
