Bitcoin

A recent study shows that Bitcoins could be on the verge of a breakout phase. A crypto analyst, Rekt Capital, noted that Bitcoin could initiate massive upward trends about 154 to 161 days after the halving event. This is important because after halving, the price experiences a period of reaccumulation before moving to a parabolic upside. According to the analyst, the most recent halving occurred after 157 days, and Bitcoin might be approaching its next big move.The analyst shared a chart on their X profile that showed similarities to previous halving cycles of Bitcoin. The trend indicates that the BTC is consolidating in a reaccumulation range, like in 2016 and 2020. Usually, <a href="https://cryptotale.org/bitcoin-pattern-hints-at-2024-rally-and-2025-parabolic-surge/" rel="noopener noreferrer nofollow">Bitcoin</a> will hold this range for approximately 154 to 161 days prior to breaking out. During these periods, the tendency of increased prices is followed by a sharp spike.<h2 id="header-0">Historical Breakout Cycles and Key Insights</h2>In the 2016 post-halving cycle, it took 154 days before the Bitcoin was reaccumulated and moved upward again. The chart points out to the breakout, that occurred after the 22 bars (154 days) which led to an increase in the price. In the same way, in the 2020 cycle, after the halving process, Bitcoin took 161 days to reaccumulate before the breakout. This created a parabolic upside.<a href="https://cryptotale.org/upcoming-price-surge-btc-nears-a-historical-breakout-point/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Upcoming Price Surge? BTC Nears a Historical Breakout Point

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