Bitcoin’s Re-Accumulation Period During Halving Year Could Set Record

Bitcoin’s Sideways Trading Sets Longest Re-Accumulation Range

Bitcoin’s Potential for Longest Sideways Trading Period

Bitcoin could be heading towards its longest period of sideways trading during a halving year if it doesn’t show significant upward movement in the next two weeks.

Historical Return Index of Bitcoin During Halving Years

In the past, Bitcoin experienced its highest return index during a halving year in 2020, reaching 4.05 points. On the contrary, 2016 marked the worst year in terms of returns, with the index only hitting 2.26 points.

Breaking Historical Trends in Bitcoin’s Post-Halving Behavior

Acceleration of Post-Halving Bull Run

Unlike historical trends, Bitcoin hit a new all-time high before the halving this year, breaking the pattern of reaching new highs roughly 240 days after a halving event.

Current Re-Accumulation Period

Bitcoin has been trading sideways for 176 days, making the current re-accumulation range the longest since 2016. This period may continue for another two months, potentially setting a new record.

Analyst’s Prediction on Bitcoin’s Future Behavior

Predicted Duration of Sideways Trading

An analyst suggests that Bitcoin’s market behavior indicates an attempt to reduce the acceleration period, with the sideways trading potentially continuing for another two months.

Longest Re-Accumulation Range Prediction

If Bitcoin maintains its current range, the re-accumulation period could reach 236 days, setting a new record for the longest re-accumulation range during a halving year.

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