🌕 How will BTC behave next month? 🌎
💠The chart illustrates the Bitcoin (BTC/USD) price trend on a weekly timeframe, highlighting two key post-halving periods in 2020 and 2024. The 2020 halving led to a parabolic price increase after a brief re-accumulation phase. The upcoming 2024 halving (April 15, 2024) suggests a similar pattern, where BTC is expected to undergo a re-accumulation phase (red area) before potentially entering a parabolic upside (green area).
💠The 2020 re-accumulation lasted 161 days with a 19.56% dip before a significant rally. Similarly, the current re-accumulation phase is 154 days long with a 23.86% dip. This fractal analysis implies BTC might follow the historical pattern of a brief consolidation before a strong upward move.
💠Given this historical pattern, BTC’s next move in the upcoming month could involve stabilization or slight accumulation around current levels (near $68,084) before breaking out upwards, aligning with the post-halving bullish trend. However, market conditions, investor sentiment, and external factors should also be considered.
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