4 stages of Bitcoin halving
1. The rebound before halving
There are approximately 21 days left until the April 2024 Bitcoin halving
Pre-halving rallies tend to occur approximately 60 days before the halving.
History is repeating itself here
The pre-halving rally breakout came days earlier than planned.
Additionally, Bitcoin achieved a historic and unprecedented feat in its pre-halving price action, breaking all-time highs. High point...words
That being said, the upward momentum has slowed
In fact, Bitcoin has retraced -18% in recent weeks
It’s clear that the “pre-halving rally” phase has transitioned into the next phase of the Bitcoin halving cycle:
“Retracement before halving” stage
Therefore, the “pre-halving rally” phase is likely over,
Bitcoin has transitioned to the “pre-halving retracement” phase
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