3 Phases of BTC Halving
1. Final Retracement Before Halving
In just over a month before the halving, BTC has already experienced two -18% retracements
In mid-March, BTC fell -18% before recovering to $70,000, and now in mid-April, BTC has retraced -18% again
This situation is common before the halving
In 2016, the pre-halving retracement was -38%, and in 2020 it was -19%
Nevertheless, this pre-halving retracement represents the last dip buying opportunity in the pre-halving period
BTC is only 1 day away from the halving
2. Re-accumulation
Now, the pre-halving retracement is still ongoing, and it is laying the foundation for a re-accumulation range
This re-accumulation range was formed a few weeks before the halving and was broken a few weeks after the halving.
The goal now is for BTC to a) firmly establish the range low of its re-accumulation range, and then b) move sideways through the halving and beyond
The re-accumulation phase can last for weeks, or even up to 150 days (i.e. 5 months)
Many traders get stuck at this stage due to boredom, impatience, and disappointment with the lack of significant results from BTC betting after the halving!
3. Parabolic Uptrend
Once BTC breaks out of the re-accumulation zone, it enters a parabolic uptrend (green)
It is during this phase that BTC experiences accelerated growth, entering a parabolic uptrend
Historically, this phase has lasted for over a year (~385 days), however, this number may be cut in half during this market cycle due to the potential acceleration cycle currently taking place! $BTC #大盘走势 #ETH🔥🔥🔥