The three stages of Bitcoin halving are as follows:
1. The last shakeout before halving
In more than a month before halving, Bitcoin has experienced two -18% retracements. The pre-halving retracements in 2016 were -38% and in 2020 -19%. Nevertheless, this pre-halving retracement represents the last dip buying opportunity in the pre-halving period. BTC is only 1 day away from halving.
2. Re-accumulation
Currently, the pre-halving retracement is still ongoing, and it is preparing for the market sprint, which will break out 2-3 months after the halving. The reasons are as follows:
a) Confirm the low point of the following market, shake out the unsteady chips below;
b) Prepare for the ups and downs before halving;
Many people will get stuck at this stage, bored, impatient and disappointed that BTC investment has not achieved significant results after halving, and finally stand.
3. Parabolic uptrend
Once Bitcoin breaks through the re-accumulation area, it will enter a parabolic uptrend. It is at this stage that Bitcoin experiences accelerated growth and enters a parabolic uptrend. Historically, this phase lasted more than a year (about 385 days).
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