Parabolic

Bitcoin

April

Rekt

<img decoding="async" width="1452" height="804" src="https://coingape.com/wp-content/uploads/2024/04/image5_11zon-8.png" class="attachment-full size-full wp-post-image" alt="Michael Saylor Foresees Geopolitical Clash as a Boost to Bitcoin" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/04/image5_11zon-8.png 1452w, https://coingape.com/wp-content/uploads/2024/04/image5_11zon-8-300x166.png 300w, https://coingape.com/wp-content/uploads/2024/04/image5_11zon-8-1224x678.png 1224w, https://coingape.com/wp-content/uploads/2024/04/image5_11zon-8-768x425.png 768w, https://coingape.com/wp-content/uploads/2024/04/image5_11zon-8-150x83.png 150w" sizes="(max-width: 1452px) 100vw, 1452px">
On Friday, April 19, the much-awaited <a href="https://coingape.com/bitcoin-halving-4-0-is-a-success-what-happens-to-btc-price-next/" target="_blank" rel="noopener">Bitcoin Halving 4.0</a> triggered at the block height of 840,000 while the Bitcoin price remained steady at around $64,000 levels. Everyone has been very optimistic that this Bitcoin halving will create a supply shock leading to a strong rally in the BTC price. 
<h3 id="bitcoin-enters-a-strong-re-accumulation-phase">Bitcoin Enters A Strong Re-Accumulation Phase</h3> 
Rekt Capital announces the conclusion of the Pre-Halving period and the initiation of Post-Halving Re-Accumulation starting today. This phase marks the final opportunity for bargain-buying before Bitcoin transitions into the Parabolic phase of the cycle. 
Historically, the Bitcoin Pre-Halving Retrace has been a gradual setup for the next phase in the Bitcoin Halving Cycle. 
During the Post-Halving Re-Accumulation Range (marked in red), the bottom of the Pre-Halving Retrace serves as the base of the Re-Accumulation (i.e., Range Low). With the establishment of this Range Low, a period of consolidation begins thus preparing for an eventual breakout into Parabolic Upside (highlighted in green). 
<figure id="attachment_192647" aria-describedby="caption-attachment-192647" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-192647" src="https://coingape.com/wp-content/uploads/2024/04/Bitcoin-Halving-Re-Accumulation-1.jpeg" alt="" width="1794" height="1266" srcset="https://coingape.com/wp-content/uploads/2024/04/Bitcoin-Halving-Re-Accumulation-1.jpeg 1794w, https://coingape.com/wp-content/uploads/2024/04/Bitcoin-Halving-Re-Accumulation-1-300x212.jpeg 300w, https://coingape.com/wp-content/uploads/2024/04/Bitcoin-Halving-Re-Accumulation-1-1224x864.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/04/Bitcoin-Halving-Re-Accumulation-1-768x542.jpeg 768w, https://coingape.com/wp-content/uploads/2024/04/Bitcoin-Halving-Re-Accumulation-1-1536x1084.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/04/Bitcoin-Halving-Re-Accumulation-1-150x106.jpeg 150w" sizes="(max-width: 1794px) 100vw, 1794px">
 <figcaption id="caption-attachment-192647" class="wp-caption-text">
 Courtesy: Rekt Capital
 </figcaption>
</figure> 
Market analysts have already started predicting the next price targets for Bitcoin based on the post-halving behavior from the previous events. 
In the latest analysis of Bitcoin’s potential price range within the 4th halving cycle, experts have also projected a considerable spectrum: 
<ul> 
 <li>Upper Bound: Approximately $4,500,000.</li> 
 <li>Lower Bound: Around $140,000.</li> 
</ul> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Price range for Bitcoin in the 4th halving cycle: 
 upper bound ~ $4,500,000 lower bound ~ $140,000 
 That is *if* Bitcoin ends up following a growth trajectory in the range of the previous cycles. <a href="https://t.co/s93yldJEI0">pic.twitter.com/s93yldJEI0</a> 
 — ecoinometrics (@ecoinometrics) <a href="https://twitter.com/ecoinometrics/status/1781645938395939066?ref_src=twsrc%5Etfw">April 20, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h3 id="the-altcoin-roadmap-going-ahead">The Altcoin Roadmap Going ahead</h3> 
After a strong runup in the pre-halving period and the entire Q1, <a href="https://coingape.com/trending/bitcoin-halving-might-be-the-best-gift-for-altcoins/" target="_blank" rel="noopener">altcoins</a> have entered a strong retracement in recent weeks. This comes along with the Bitcoin price volatility witnessed in recent weeks. 
Rekt Capital notes that altcoins are aligning with the projected trajectory. As observed, altcoins hit their bottom in early February, indicating a significant milestone in their market movement. Additionally, there was a noticeable sell-off among altcoins coinciding with the Bitcoin halving event, further reflecting their correlation with BTC’s market dynamics. 
Looking ahead, Rekt Capital anticipates that altcoins will reach their bottom once again in the early summer, suggesting a continuation of their cyclical patterns within the broader cryptocurrency market. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/search?q=%24ALTS&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ALTS</a> 
 Altcoins are following the plan… 
 Altcoins bottomed in early February <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 Altcoins sold off around the <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Halving <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 Altcoins to bottom early Summer <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/23f1.png" alt="⏱" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/BitcoinHalving?src=hash&amp;ref_src=twsrc%5Etfw">#BitcoinHalving</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/g5QUFID6jg">https://t.co/g5QUFID6jg</a> <a href="https://t.co/OsuH9kmgf5">pic.twitter.com/OsuH9kmgf5</a> 
 — Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1781639620591030621?ref_src=twsrc%5Etfw">April 20, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
The post <a href="https://coingape.com/bitcoin-and-altcoins-enter-the-re-accumulation-phase-before-next-bull-run/">Bitcoin and Altcoins Enter The Re-Accumulation Phase Before Next Bull Run</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Bitcoin and Altcoins Enter The Re-Accumulation Phase Before Next Bull Run

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