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As the Bitcoin halving 2024 approaches in roughly four months, speculations are running wild in the crypto community.
The Bitcoin halving, occurring roughly every four years at 210,000 blocks, stands as a pivotal event in the cryptocurrency realm.
Its mission: curbing the pace of new BTC production, mitigating pre-programmed inflation rates, and ensuring the enduring sustainability of Bitcoin mining, even as more than 90% of the total supply has already been mined.
As the Bitcoin halving 2024 looms in early April 2024, anticipation builds among crypto analysts, who are engaging in speculative discussions about the forthcoming rollercoaster of value fluctuations—a recurring theme observed in the periods leading up to, during, and following the last three halving events.
Bitcoin halving 2024 – Pumps and Dumps
Anticipating potential retracements in BTC’s near future, the prominent crypto analyst known as Rekt Capital, using the handle X, relies on historical patterns, specifically noting a 60-day lead-up to the upcoming halving.
While acknowledging the likelihood of a “pre-halving retrace,” Rekt Capital highlights historical instances where BTC saw drops of just under 40% in 2016 and 20% four years later, underscoring the opportunity for investors to capitalize on these fluctuations with a “fantastic Return on Investment.”
#BTC
— Rekt Capital (@rektcapital) December 6, 2023
5 Phases of The Bitcoin Halving
1. Pre-Halving period
Approximately 4.5 months remain until the Bitcoin Halving in April 2024
Historically, any deeper retraces that occur during this period tend to generate fantastic Return On Investment for investors in the several… pic.twitter.com/FxkOyEtXJT
Understanding Reaccumulation and the Parabolic Trend
During the “pre-halving retracement,” Rekt Capital warns that some investors may lose faith due to boredom, impatience, and disappointment in the immediate results of their post-halving BTC investment.
Nevertheless, as the reaccumulation phase concludes, history suggests that the most exciting part unfolds—the era of parabolic price increases.
While past performance doesn’t guarantee future outcomes, BTC has consistently surged to new all-time highs within a year and a half of each halving, as demonstrated by its remarkable peak of $69,000 in late 2021 following the third halving in May 2020.
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