When will BTC and the alt market explode?
Let’s start with the post-halving analysis of BTC, which many believe is a normal phase of consolidation that may require patience - BTC has risen 3x since September, but what might the market look like in the coming months?
We are currently in a 15-week consolidation period, down 13% from the highs.
After rising nearly 2x from recent lows in January, this decline is to be expected.
While this phase can feel disappointing and boring, it is a natural part of the process.
Volatility is low for several reasons:
Summer is a period of stagnation
Uncertainty about ETH ETFs
No clear narrative
However, it is often during these challenging times that it is most rewarding to remain bullish for the following reasons:
From a technical perspective, the current cycle is very similar to the bull runs of 2017 and 2021.
Now we are in the accumulation phase:
In 2016, it lasted ≈4 months
In 2020, it lasted ≈5 months
Once the accumulation phase is broken, a parabolic move usually occurs.
#BTC #ETH🔥🔥🔥🔥