The Bitcoin Halving: 4 steps Quick Overview

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