According to Odaily Planet Daily, Rekt Capital compared the periods after Bitcoin's halving in 2020 and 2024 and found that there were high similarities between the two. After both halving events, Bitcoin entered a re-accumulation phase that lasted about 161 days. In 2020, this period ended with a parabolic rebound as Bitcoin broke through its repeatedly tested resistance level.
Support and resistance levels in both periods show consistent testing and retesting, setting the stage for possible upward momentum. While historical patterns suggest a significant move is likely, differences in market conditions, such as volume, highlight that the outcome may vary.
Since this yearâs halving, volume across all exchanges has been 2.5 million, while in the 161 days following the 2020 halving, volume was 4 million.
