Phase 1: Final Pre-Halving Retrace
- #Bitcoin experiences two -18% retraces in just over a month before the Halving.
- These retraces are typical before the Halving event.
- Historically, retraces before the Halving have been around -19% to -38%.
- This represents a last chance for bargain-buying before the Halving.
Phase 2: Re-Accumulation
- The ongoing retrace sets up the Re-Accumulation Range before the Halving.
- This range forms weeks before the #Halving and ends with a breakout weeks after.
- Bitcoin aims to establish a firm Range Low and trade sideways into and after the Halving.
- This phase can last weeks to several months, often leading to investor impatience.
Phase 3: Parabolic Uptrend
- After breaking out from the Re-Accumulation Range, $BTC enters a parabolic uptrend.
- This phase sees accelerated growth in Bitcoin's value.
- Historically, this phase lasts over a year, but with potential accelerated cycles, it could be shorter in this cycle.