The post BTC Price Poised To Drop Nearly 25% in The Pre-Bitcoin Halving Period appeared first on Coinpedia Fintech News

Analyst Rekt Capital recently opened up about the five Bitcoin Halving phases, placing specific focus on the last three. As the Halving approaches, he said that understanding these phases can help in navigating the Bitcoin market in 2024. 

In the initial pre-halving period, there’s a noticeable contraction, signaling a limited timeframe for a potential deeper retracement in the next 35 days. Historically, retracements have occurred, offering a chance to buy at a discount. While a 63% crash, like in the 2016 bear market, is unlikely, retracements of 18%, 20%, or 25% are reasonable expectations.

Moving on to the pre-Halving rally, strong upside is observed two months before the actual event. Examining past cycles, whether it’s a V-shaped reversal or a breakout to new highs, a pre-Halving rally is a bullish precursor. It sets the stage for positive momentum leading into the Halving, a crucial event.

Phase three involves the pre-Halving retracement, typically occurring around the Halving event itself. This retracement, ranging from 20% to 40%, allows for a healthy correction after the preceding rally. The patient approach is key here, as it’s a prelude to the post-Halving phase.

The post-Halving resistance phase is characterized by a prolonged reaccumulation period. Bitcoin’s price tends to move sideways for weeks or months, testing the patience of traders and investors. Volatility during this time can shake out the impatient ones looking for quick gains.

Finally, the post-Halving parabolic rally is the last phase. After the reaccumulation period, Bitcoin transitions into a phase of exponential growth, reaching new all-time highs. This marks the peak of excitement and FOMO, with gains coming rapidly. However, it’s crucial to recognize that this parabolic phase, though exhilarating, won’t last forever.

As the market enters this final phase, opportunities for “Buy the Dip” are prevalent.A potential pullback in the next 30 days may offer a last opportunity for a discounted entry, setting the stage for the pre-Halving rally. 

Following the successful launch of its $AI token, Sleepless AI has announced a significant financial strategy, the $AI Together Plan. The initiative involves channeling an estimated $2.5 million, accrued from the company’s NFT auction revenues, into securing the long-term price performance of the $AI token. Amidst the market’s mixed reactions, ranging from congratulations to skepticism, Sleepless AI is taking a firm stand to bolster the value of its digital asset.

The $AI Together Plan is a clear response to the current market valuation of the $AI token, which Sleepless AI believes is undervalued. By dedicating a substantial portion of its NFT auction revenue to the token, the company aims to demonstrate its confidence in the token’s potential and address any market uncertainties. The move is indicative of Sleepless AI’s commitment to its investors and its belief in the token’s long-term growth prospects.

The $AI together plan – Sleepless AI’s strategy for long-term growth

The $AI Together Plan is a strategic initiative by Sleepless AI to ensure the stability and growth of the $AI token in the long run. The plan is not just about injecting funds into the token; it’s a comprehensive strategy to enhance its market value and investor appeal. The allocation of $2.5 million from NFT auction revenues is a testament to the company’s belief in the token’s inherent value and its potential for significant growth over time.

The strategic investment is expected to positively impact the token’s market performance, instilling confidence among current and potential investors. Sleepless AI’s proactive approach to managing the token’s value demonstrates a deep understanding of market dynamics and a commitment to navigating the complex landscape of cryptocurrency investment. The $AI Together Plan is poised to play a crucial role in shaping the future trajectory of the $AI token, making it a more attractive and stable investment option.

Addressing market perceptions and building investor confidence

The launch of the $AI token has been met with a spectrum of reactions, highlighting the challenges and opportunities in the cryptocurrency market. Sleepless AI’s decision to invest heavily in the token is a bold move to address market skepticism and reinforce investor confidence. The initiative is not only about enhancing the token’s value but also about sending a strong message to the market about the company’s dedication to its digital assets.

By openly communicating its strategy and intentions with the $AI Together Plan, Sleepless AI is setting a new standard in transparency and investor relations in the crypto space. The approach is likely to resonate well with investors, especially those who may have reservations about the token’s future. The company’s commitment to its investors and the token’s long-term success is a reassuring signal to the market, potentially leading to increased interest and investment in the $AI token.

Conclusion

Sleepless AI’s $AI Together Plan represents a forward-looking approach to securing the long-term success of the $AI token. The company’s substantial investment and strategic focus on enhancing the token’s market value reflect its commitment to growth and investor confidence. As Sleepless AI navigates the evolving landscape of cryptocurrency, the $AI Together Plan stands as a significant move towards ensuring the stability and prosperity of its digital assets. The initiative not only bolsters the $AI token’s position in the market but also reinforces Sleepless AI’s reputation as a visionary and investor-centric company in the crypto industry.

Binance is excited to announce the 43rd project on Binance Launchpool - Xai (XAI), a gaming blockchain built on top of Arbitrum as its first L3.Users will be able to stake their BNB, FDUSD and TUSD into separate pools to farm XAI tokens over four days, with farming starting from 2024-01-05 00:00 (UTC).How to participate?- Step 1: Ensure you have BNB in your Binance spot wallet, where to buy.- Step 2: Go to the homepage and click on Launchpad, as shown in the photo below.- Step 3: Click on Launchpool and select the BNB liquidity pool.- Step 4: Click on Stake.- Final Step: Enter the amount of BNB you want to use for Launchpool participation and confirm. Congratulations, you have just subscribed to Launchpool for free.ListingBinance will then list XAI at 2024-01-09 10:00 (UTC), and open trading with the XAI/BTC, XAI/USDT, XAI/BNB, XAI/FDUSD, XAI/TUSD and XAI/TRY trading pairs. The Seed Tag will be applied to XAI.XAI Launchpool Details:Token Name: Xai (XAI)Max Token Supply: 2,500,000,000 XAI Launchpool Token Rewards: 75,000,000 XAI (3% of total token supply)Initial Circulating Supply: 277,118,150 XAI (～11.08% of the total token supply)Smart Contract Details: XAI Token (XAI)Staking Terms: KYC required Hourly Hard Cap per User: 62,500 XAI in BNB pool7,812.5 XAI in FDUSD pool7,812.5 XAI in TUSD poolFarming Period: 2024-01-05 00:00 (UTC) to 2024-01-08 23:59 (UTC).Note: Your BNB will be returned to your Binance spot wallet at the end of Launchpool, or you can withdraw your BNB at any time. Thanks to everyone for your support through tips! 🥰#XAI #Launchpool