Binance Square
Home
Notification
Profile
Trending Articles
News
Creator Center
Settings
LIVE
LIVE
Eternel insatisfait
--・69.7k views
#BTC    If this ends up being the end of the Pre-Halving Retrace... Then Bitcoin will have almost equalled the 2020 Pre-Halving Retrace Bitcoin pulled back -18% in this cycle whereas BTC retraced just over -19% in 2020 $BTC #Crypto #Bitcoin

#BTC   

If this ends up being the end of the Pre-Halving Retrace...

Then Bitcoin will have almost equalled the 2020 Pre-Halving Retrace

Bitcoin pulled back -18% in this cycle whereas BTC retraced just over -19% in 2020

$BTC #Crypto #Bitcoin

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
0
Explore Content For You
Sign up now for a chance to earn 100 USDT in rewards!
or
Sign up as an entity
or
Log In
Relevant Creator
LIVE
Eternel insatisfait
@Eternel_insatisfait

Explore More From Creator

Why #Bitcoin    Is Dumping? 1) In historical Bitcoin market cycle, BTC always corrects after the halving. So we are now seeing correcting and price consolidation after a massive pump from $15k to $73k 2) GDP came lower than expected Just an hour ago, US GDP projections came at 1.6% while the expectations were of 2.5% Low GDP data ignites fear of recession which dumped S&P 500, NASDAQ and crypto 3) Biden tax proposal Yesterday, Biden proposed the highest capital gains tax in history at 44.6%. His proposal also includes a 25% tax on unrealized gains for high-net-worth individuals. In the past, whenever there is such a proposal the market has dumped and the similar thing is happening now 4) Israel situation Yesterday, Israel struck 40 Hezbollah sites in South Lebanon As usual, Bitcoin started pricing in a war again which resulted in immediate dump What's next for the market? Low GDP numbers are actually bullish for the market as it will push the FED to do rate cuts After the recent inflation data, it was expected that the rate cuts could be delayed but with the GDP numbers, the probability of rate cuts will increase again IMO, BTC support at $60K is still very strong with a lot of buy orders If there's a black swan event, BTC could go lower a bit more which will be a golden buying opportunity. Hit like if you found this helpful
--
#BTC    The Bitcoin "Danger Zone" The Bitcoin Pre-Halving "Danger Zone" (orange) is where historical Pre-Halving Retraces have begun Historically, Bitcoin has performed Pre-Halving Retraces 14-28 days before the Halving This cycle was no different and here's why: Because Bitcoin experienced its first -18% Pre-Halving Retrace approximately 30 days before the Halving History repeated in that respect In fact, in 2016 Bitcoin began its Pre-Halving Retrace 28 days before the Halving and in 2024 it was 30 days before the Halving This 2024 closely mirrored the 2016 in this respect Which is why it is perhaps worth looking at a possible Post-Halving "Danger Zone" (purple) The Post-Halving "Danger Zone" In 2016, Bitcoin produced a long -11% downside wick approximately 21 days after the Halving before reversing towards the upside Bitcoin is currently 6 days after the Halving But 2016 history suggests that if downside volatility around the Re-Accumulation Range Low (green horizontal level) is going to occur in this cycle... It could occur over the next coming 15 days (i.e. purple "Danger Zone") The purple Post-Halving "Danger Zone" ends in 15 days but 2016 history suggests that in the meantime downside volatility at the $60600 Range Low is a possibility $BTC #Crypto #Bitcoin   
--
#Bitcoin    $115,000 sooner than everybody expect?🤔 Last time LMACD crossed bullish on the daily timeframe It went up 75%! LMACD just crossed bullish.💥 If #BTC    were to go up 75% again that would put its price to the target of $115k. 🚀🚀🚀
--
#BTC    Since the November 2022 Bear Market Bottom... Bitcoin has experienced the following retraces: • -23% (February 2023) lasting 21 days • -21% (April/May 2023) lasting 63 days • -22% (July/September 2023) lasting 63 days • -21% (January 2024) lasting 14 days • -18% (March 2024) lasting 7 days • -18% (April 2024) lasting 11 days if $58,700 was the bottom Retraces in this cycle oftentimes last 2-3 weeks but on the more rare occasions they lasted even up to 2-months Generally, there are two key takeaways about retracements in this current cycle: • The closer Bitcoin gets to a -20% retrace, the better the opportunity becomes • Most commonly, retraces last only a few weeks before resumed upside $BTC #Crypto #Bitcoin
--
#BTC    3 Phases of The Bitcoin Halving 1. Final Pre-Halving Retrace The Pre-Halving Retrace has already occurred and is in the books However in this cycle Bitcoin produced two Pre-Halving Retraces: -18% in March and another -18% pullback this April In previous cycles, this Pre-Halving Retrace was -38% in 2016 and in 2020 it was -19% deep This Pre-Halving Retrace represents the final bargain-buying opportunity in the Pre-Halving period The Bitcoin Halving occurred 5 days ago So that final Pre-Halving bargain-buying opportunity is now over The Pre-Halving Retrace is over However, the Pre-Halving Retrace tends to occur with the sole focus to develop a Re-Accumulation Range which will be the next phase in the Bitcoin Halving cycle 2. Re-Accumulation Now that the Pre-Halving Retrace has occurred, it has set up the very foundations of the Re-Accumulation Range This Re-Accumulation Range tends to develop a few weeks before the Halving but the majority of this Re-Accumulation Range forms after the Halving This Range concludes with a breakout from it several weeks after the Halving The goal now is for Bitcoin to move sideways to catch a breather, for the market to cool-off after fantastic Pre-Halving price performance The Re-Accumulation phase can last multiple weeks and even up to 150 days (i.e 5 months) Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving 3. Parabolic Uptrend Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green) It is during this phase Bitcoin experiences accelerated growth into a parabolic uptrend Historically, this phase has lasted just over a year (~385 days) however with a potential Accelerated Cycle occurring right now, this figure may get cut in half in this market cycle $BTC #BitcoinHalving #Bitcoin   
--

Latest News

Cross-Chain DeFi Protocol Entangle Launches Mainnet
--
Dymension Announces Mainnet Integration of eIBC on X Platform
--
Hong Kong Financial Management Bureau Launches FiNETech Series
--
Bitcoin(BTC) Drops Below 64,000 USDT with a Narrowed 1.32% Increase in 24 Hours
--
US Core PCE Price Index Annual Rate Hits 2.8% in March
--
View More

Trending Articles

Bitcoin Traders Scale Back Bets As Spot ETF Inflows Wane and Halving Hype Fades: Bloomberg Report
avatar
CryptoGlobe
How To Participate Bouncebit MegaDrop Quest in Binance 
avatar
Techandtips123
BNB Chain Will Enable Native Liquid Staking on BSC
avatar
Cointelegraph
Runes Make Up 68% of All Bitcoin Transactions Since Launch
avatar
Cointelegraph
HK Spot Bitcoin and Ethereum ETF Start Trading April 30 With Structure Different From U.S. Counte...
avatar
TokenInsight
View More
Sitemap
Cookie Preferences
Platform T&Cs
Sitemap
Platform T&Cs
ba-one-trust-cookie