BTC Enters Accumulation Phase After Halving, Sideways Trading May Last 3 Months Longer

BTC Enters Accumulation Phase After Halving, Sideways Trading May Last 3 Months Longer

Bitcoin Struggles Post Halving After the halving, Bitcoin (BTC) has entered an accumulation phase, and sideways trading may continue for another three months, according to anonymous crypto trader Rekt Capital. This pattern is consistent with past halving cycles, where BTC typically struggles to reach new all-time highs immediately after the halving. Rekt Capital, who has a large following on social media, noted that BTC is currently in the reaccumulation phase. Based on historical patterns, this sideways movement could persist for another three months. Market Rhyming with Past Halving Cycles The current market structure is similar to past halving cycles, where there's a period of consolidation and accumulation following the halving event. During this phase, BTC tends to trade within a range, building a base for a potential future breakout. Sideways Chop May Continue The sideways trading pattern suggests that BTC is consolidating its gains after the recent surge. This period of accumulation allows market participants to rebalance their positions and prepare for the next leg up. Bottom Line Bitcoin's current sideways trading is likely part of a typical market cycle after a halving event. The accumulation phase may last for another three months, providing an opportunity for investors to accumulate BTC at potentially favorable prices.