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Analysis: Bitcoin's halving trend this year is similar to that of 2020, setting the stage for a potential rally
Rekt Capital compared Bitcoin's post-halving period in 2020 and 2024 and found a high degree of similarity. After both halving events, Bitcoin entered a phase of re-accumulation that lasted about 161 days. In 2020, the period ended in a parabolic rally as Bitcoin broke through its repeatedly tested resistance level. The support and resistance levels in both periods show continued testing and retesting for possible upward momentum.
2024-09-23 13:15:49
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