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c) To set up the next phase in the Bitcoin Halving Cycle: "Re-Accumulation" (red box)
3. Re-Accumulation
The beginning of the "Re-Accumulation" phase occurs once the Pre-Halving Retrace has bottomed
In other words, the bottom of the Pre-Halving Retrace becomes the bottom of the Re-Accumulation Range (red)
It's still uncertain if the Pre-Halving Retrace bottom is in
However, because a Pre-Halving Retrace has occurred already...
It is possible that Bitcoin is slowly transitioning away from its Pre-Halving Retrace phase into its "Re-Accumulation" phase (red)
The goal now is for Bitcoin to move sideways going into the Halving and beyond
The Re-Accumulation phase can last multiple weeks and even 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
However, in this cycle it is the very first time that this Re-Accumulation Range is developing around the New All Time High area
As a result, this Re-Accumulation Range may simply take the shape of a regular sideways range like we've seen throughout the cycle thus far and may not last very long before additional uptrend continuation
4. Parabolic Uptrend
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
Historically, this phase has lasted just over a year (~385 days) however with a potential Accelerated Cycle occurring right now, this figure may get cut in half in this market cycle