#BTC    Doing well to build on its recent bullish momentum | Eternel insatisfait on Binance Square

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Eternel insatisfait

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#BTC    
Doing well to build on its recent bullish momentum
Yesterday it performed a Daily Close above $56750 (purple) to move higher
Over the next 25-mins it needs to perform a Daily Close above $58450 (black)
That would fuel upside to ~$60600 (blue)
$BTC #Crypto #Bitcoin   

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#BTC    In the 2015-2017 cycle, Bitcoin peaked 518 days after the Halving In the 2019-2021 cycle, Bitcoin peaked 546 days after the Halving If history repeats and the next Bull Market peak occurs 518-546 days after the Halving... That would mean Bitcoin could peak in this cycle in mid-September or mid-October 2025 Earlier this year, Bitcoin was accelerating in this cycle by 260 days Currently however, thanks to this over 3-month consolidation, this rate of acceleration has drastically dropped and is now approximately 150 days The longer Bitcoin consolidates after the Halving, the better it will be for resynchronising this current cycle with the traditional Halving cycle $BTC #Crypto #Bitcoin   

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#BTC    2 Phases of The Bitcoin Halving 1. Re-Accumulation (red box) A Re-Accumulation Range develops a few weeks before the Halving and concludes with a breakout from it months after the Halving This Re-Accumulation Range is between ~$60000 and $70000, with wicks to either side of the range In fact, Bitcoin is producing downside wicks below the major support of ~$60000 as we speak The goal now is for Bitcoin to protect this ~$60000 support with Weekly Candle Closes above said level More, after protecting this level, the goal would also be to continue moving sideways in the ReAccumulation Range in preparation for the next phase in the cycle - the Parabolic Phase (green) The Re-Accumulation phase can last a few months, up to 150 days (i.e 5 months) Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving 2. Parabolic Uptrend (green box) Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green) It is during this phase Bitcoin experiences accelerated growth into a parabolic uptrend $BTC #Crypto #Bitcoin   

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