Within the cryptocurrency world, Bitcoin’s price fluctuations can appear cryptic and volatile. Nevertheless, analysts can pinpoint specific stages in Bitcoin’s overall path by studying past patterns and trends on charts. One such analysis, conducted by Rekt Capital, sheds light on the six key phases of Bitcoin’s macro diagonal. Let’s break them down:
1. Pre-Halving Rally
Before a Bitcoin halving event, there is usually a price increase called the Pre-Halving Rally. This phase usually happens around two months before the halving and is distinguished by a rise in Bitcoin’s price.
Historically, Bitcoin has encountered resistance at a macro diagonal line during this phase, but in the current cycle, it appears to be pushing beyond this resistance, potentially signaling a significant development in its price trajectory.
2. Pre-Halving Retrace:
Following the Pre-Halving Rally, Bitcoin often experiences a retracement phase in the weeks leading up to the halving event. A rejection
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