What should we expect from the halving of $BTC ?š
We are less than 90 days away from the most anticipated event in crypto and everyone is wondering what to expect.
Rekt Capital shared an interesting opinion in which it described the halving phases and their impact on the market:
In anticipation of the halving.
Historically, any deeper pullbacks that occur during this period usually yield good profits for a couple months after the halving.
There is a 30-day window in which a deeper pullback could occur between now and the rally before the halving, which could be the last opportunity to buy before the upside starts.
Pre-halving rally.
The ~60 days before the halving rally occurs. Short-term traders, speculators "buy the HYIP".
Many try to bag, enter before the hype to successfully "sell the news", which later forms a small pullback.
Rollback before halving.
Pre-halving pullback usually occurs a couple of weeks before the halving:
In 2016, there was a -38% pullback.
In 2020, there was a -50% rollback.
This pullback can last several weeks, making people question whether halving is really a bullish catalyst.
Re-accumulation.
After the pullback, the onset of halving is followed by months of accumulation.
Many people start to leave the market. It seems boring to them, disappointment comes, as the expected event does not show results.
Parabolic uptrend.
Once $BTC leaves the re-accumulation zone, it goes into a parabolic uptrend.
It is during this phase that bitcoin begins to gain momentum, reaching new ATH levels.
In fact, we are now in the phase of a pullback before halving, which correlates with the forecasts for the current correction.
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