Crypto Patel

#Bitcoin Halving 2024: Ride to $250K? $BTC

5 Zone of the Bitcoin Halving:

Pre-Halving Zone:

Approximately 4 months pre-halving, a prime time for deep retraces that historically lead to post-halving gains.

Pre-Halving Pump:

Around 100 days before the halving, a rally ensues as investors "Buy the Hype" in anticipation, aiming to "Sell the News."

Pre-Halving Retracement:

A common retrace around the halving date ( Pink Colour ), fostering investor doubts about the halving's bullish impact.

2012: -30%

2016: -45%

2020: -66% ( Covid )

2024: ?

Re-Accumulation:

Post-retrace, a multi-month re-accumulation phase (Red box) occurs. Impatience, boredom, and disappointment shake out some investors.

Parabolic Uptrend:

Breaking out from re-accumulation triggers a parabolic uptrend (Green), propelling Bitcoin towards new All-Time Highs.

Detailed Analysis on TG:   t.me/OfficialCryptoPatel/11083

#Halving2024 #BullMarket #cryptocurrency #BTC

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