#btc $BTC What impact will the halving have on the price of Bitcoin?

In 2016, the retracement depth before halving was -38%

In 2020, the retracement depth before halving is -20%

As the Orange pre-halving period slowly winds down, only 14 days remain…

Bitcoin is slowly preparing to transition into the pre-halving rally phase

Pre-halving rallies tend to occur about 60 days before the halving (light blue)

In anticipation of halving, investors 'buy the hype' to 'sell the news'

Short-term traders and speculators "buy into the hype" in the weeks leading up to the halving, hoping to profit from this hype-driven rally

These speculators then "sell the news" to realize profits, thus contributing to the pre-halving retracement that occurs only weeks before the halving event.

The pre-halving pullback could last for weeks, leaving investors questioning whether the halving is a bullish catalyst for prices

Once Bitcoin breaks out of the re-accumulation zone, it breaks out of the parabolic uptrend (green)

It is during this phase that Bitcoin experiences accelerated growth on its way to new all-time highs