The halving anticipation is building up. Prices dipped and wavered pre-halving, then surged to new heights post-halving. Speculation about an Ethereum ETF is on the horizon for May. Despite the Fed delaying interest rate cuts until November, Bitcoin remained resilient against negative news. Personally, I believe there's a strong likelihood of Bitcoin breaking upward and initiating a bullish trend. #bitcoinhalving #cpi #BullorBear #BTCHalvingApril2024 $BTC
4 bitcoin retraces during bear market since the November 2022, each barely surpassing the -20% mark:
- A dip of -23% in February 2023 - A decline of -21% in April/May 2023 - Another drop of -22% in July/September 2023 - And a retreat of -21% in January 2023
Now, with the current pullback at -12%, we might be witnessing the onset of the fifth significant retrace since the 2022 Bear Market Bottom.
This is a pivotal moment not to be missed, especially if we're fortunate enough to witness a deeper retracement exceeding -20%. Don't let this opportunity slip away.#HotTrends #xrp #ETHFI #BOME #SLERF $BTC
1. Pre-Halving Rally: Around 30 days before the April 2024 Bitcoin Halving, a Pre-Halving rally kicks off. This phase typically sees a surge in Bitcoin's price, followed by a slight pullback known as the Pre-Halving Retrace, lasting 28 to 14 days before the event.
2. Final Pre-Halving Retrace: This phase, occurring 28 to 14 days before the Halving, often witnesses a dip in Bitcoin's price. While historically this retracement has been significant, recent trends suggest it might be milder this time around, possibly lasting for a shorter duration.
3. Re-Accumulation: Following the Pre-Halving Retrace, a period of multi-month re-accumulation begins. This phase, lasting up to 150 days, can test investors' patience as Bitcoin consolidates around its new All Time High. However, it could lead to a swift uptrend continuation.
4. Parabolic Uptrend: Once Bitcoin breaks out of the re-accumulation phase, it enters a parabolic uptrend marked by accelerated growth. Historically lasting over a year, this phase could be shorter in the current market cycle due to a potential Accelerated Cycle.#HotTrends #btcdumping #BOME #xrp #SLERF $BTC $XRP $BOME
次のビッグミームコインの波に乗る準備はできていますか?暗号通貨の世界で最新のセンセーション、NOCHILL (AVAX Having No Chill) をご紹介します。Ethereum と Solana のミームシーズンが終わりに近づくにつれ、AVAX ベースのミームコインは注目を浴びる瞬間に向けて準備を整えています。
As Bitcoin continues its upward trajectory, technical analysis indicates a shift in market dynamics. Lower trading volumes accompany the ascent, signaling a cautious sentiment among investors. Coupled with a bearish divergence, where the price trends upward while indicators trend downward, a correction appears imminent.
Such a correction is a common occurrence in the volatile world of cryptocurrency trading. It serves to stabilize prices and reset market sentiment, often leading to healthier long-term growth. With the possibility of the pre-halving peak reaching its culmination, investors are advised to exercise prudence and monitor market developments closely.
Amidst Bitcoin's potential correction, the horizon holds promise for altcoins. Historically, altcoins tend to rally following periods of Bitcoin consolidation or correction. This presents an opportunity for savvy investors to diversify their portfolios and capitalize on emerging trends in the cryptocurrency market.
In summary, while Bitcoin may be poised for a correction in the near term, the broader cryptocurrency landscape suggests potential opportunities for altcoin investors. Monitoring technical indicators and market sentiment will be crucial in navigating these dynamic market conditions effectively. #BTC #HotTrends #WIF #DOGE #sol