The much-anticipated Bitcoin Halving 4.0 was activated on Friday, April 19 at the block height 840,000. Bitcoin’s price remained stable at $64,000. All were very confident that the Bitcoin halving would create a supply-shock, leading to a strong rise in BTC prices.
Bitcoin Enters A Strong Re-Accumulation Phase
Rekt Capital has announced the end of the Pre-Halving phase and the beginning of Post-Halving Reaccumulation. This is the last chance to buy bargains before Bitcoin enters the Parabolic phase.
The Bitcoin Pre-Halving Retrace is a historical example of a gradual set-up for the next stage in the Bitcoin Halving Cycle.
The bottom of the PreHalving Retrace is used as the base for the Re-Accumulation during the Post-Halving Reaccumulation Range (in red). This Range Low marks the beginning of a consolidation period that will eventually lead to a breakout into Parabolic Upside.
Market analysts are already predicting Bitcoin’s next price targets based upon the behavior of the past events.
The latest analysis of…
