A lot of people just had their first taste of a market dip. Many newcomers have learned a crucial lesson:
When the market drops quicker than you can make a decision, and you’re unsure about what action to take, it’s advisable to either do nothing or invest more.
On-chain data from Glass Node reveals that approximately 1.876 million Bitcoin, or 9.5% of the total supply, have been acquired above $60,000. #btc$BTC #BinanceLaunchpool#BullorBear
There are 22 Arab countries with 22 different currencies, to exchange information, they all use one common language but to exchange value they are forced to use a common currency that is issued and controlled by a foreign country thousands of kilometers away.
This phase typically occurs 28 to 14 days before the actual Halving event
In 2016, the Pre-Halving retrace was a -38% decline lasting 3-4 days. In 2020, it was a -20% decline lasting 56 days (8 weeks).
Currently, $BTC is just over 14 days away from the Halving and has pulled back -18% in the past couple of weeks. The goal of this phase is three-fold: Offer a final bargain-buying opportunity during the Pre-Halving period. Form the Range Low for the future Re-Accumulation Range. Set up the next phase: “Re-Accumulation” (indicated by the red box).
Re-Accumulation:
This phase begins once the Pre-Halving Retrace has bottomed. Historically, the bottom of the Pre-Halving Retrace becomes the bottom of the Re-Accumulation Range
While it’s still uncertain if the Pre-Halving Retrace bottom is in, Bitcoin may be transitioning away from this phase. The recent rejection at ~$70,000 suggests we might know the Range High of the Re-Accumulation Range. It’s possible that this Pre-Halving Retrace period has already established the beginnings of the Re-Accumulation phase.
Parabolic Uptrend:
This phase occurs when Bitcoin breaks out from the re-accumulation area and enters a strong upward trajectory.
During this phase, Bitcoin experiences rapid growth as it surges into a parabolic uptrend.
Historically, this phase has lasted approximately a little over a year (around 385 days).
However, with the potential for an Accelerated Cycle in the current market cycle, this duration may be shortened.
Just wanted to share a bit of my journey with you all. It’s been a wild ride since I started investing in Bitcoin and Ethereum about seven years back. I remember those days, feeling like a tiny fish in a huge pond, but I was hungry to learn and patient enough to wait for my moment.
I soaked up every bit of info I could, watched the market trends, and kept my cool even when things got shaky. And you know what?
That patience paid off big time. My portfolio started to bloom, slowly at first, then all at once,
It’s been an amazing growth, not just in my investments, but in my understanding of this whole crypto world. And I guess that’s what I want to pass on to you – keep learning, stay patient, and the growth will come, in more ways than one.