Bitcoin

Rekt (rektarb.xyz)

Rekt

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/bitcoin-price-enters-key-halving-indicator-period-re-accumulation-period-incoming-analyst/">Bitcoin Price Enters Key Halving Indicator Period, Re-Accumulation Period Incoming: Analyst</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p>
<p>The closing price for <a href="https://coinpedia.org/?s=bitcoin" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> in October represents the start of an important timeframe historically tied to market outperformance, according to pseudonymous analyst PlanB.</p>
<p>In a recent <a href="https://twitter.com/100trillionUSD/status/1718926982115631423" target="_blank" rel="noopener noreferrer nofollow">tweet</a>, PlanB noted that the period spanning from 6 months before a halving to 18 months after has generally marked peak performance relative to a simple buy-and-hold strategy. Halving events, which cut BTC’s mining rewards in half, are central to PlanB’s stock-to-flow pricing model.</p>
<figure class="wp-block-image size-full"><img decoding="async" width="680" height="383" src="https://image.coinpedia.org/wp-content/uploads/2023/10/30221106/image-109.png" alt="" class="wp-image-240767" srcset="https://image.coinpedia.org/wp-content/uploads/2023/10/30221106/image-109.png 680w, https://image.coinpedia.org/wp-content/uploads/2023/10/30221106/image-109-300x169.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/10/30221106/image-109-390x220.png 390w, https://image.coinpedia.org/wp-content/uploads/2023/10/30221106/image-109-150x84.png 150w" sizes="(max-width: 680px) 100vw, 680px">
</figure>
<p>“And that is the essence of the S2F model: that scarcity and thus halvings drive price,” PlanB wrote. The next halving is estimated to occur in early 2024.</p>
<h2 class="wp-block-heading" id="h-rekt-capital-talks-about-bitcoin-entering-a-re-accumulating-range">Rekt Capital talks about Bitcoin entering a re-accumulating range</h2>
<p>Bitcoin analyst Rekt Capital also cited the cycle around Bitcoin’s 2016 halving and subsequent bull run as a possible template for future price action. In commenting on the chart, he suggested Bitcoin could form a “multi-month re-accumulation range at highs” in the coming weeks.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> <br><br>If Bitcoin is going to repeat 2015…<br><br>Then a multi-month Re-Accumulation Range at highs could form in the coming weeks<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://t.co/TN9FqwcGMW" rel="noopener noreferrer nofollow">pic.twitter.com/TN9FqwcGMW</a></p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1718661101489959367?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 29, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The observations come as Bitcoin trades near $20,500 after a rally in October, its best monthly close since December 2017, per PlanB. With the 2020 halving now more than two years past, analysts closely watch halving-era price dynamics.</p>
<p>If history repeats itself, the current timeframe could offer an extended period of outperformance while underscoring the halving’s impact on Bitcoin’s scarcity and value. However, macroeconomic conditions and Bitcoin’s growth make outcomes uncertain. The closing October price provides a reference point as analysts assess halving effects.</p>

Bitcoin Price Enters Key Halving Indicator Period, Re-Accumulation Period Incoming: Analyst

Table of Contents

CoinPedia News

Other articles published on Oct 30, 2023

Fed up with banks and centralized exchanges? It's time for a change

Shiba Inu Price Seismic Bullish Shift Eyes Sharp Climb Past $0.00001 – Key Levels To Watch

Korean Telecommunications Firms Ramp Up ESG Efforts with NFTs

XRP Price About To See “Face Ripping” Rally, Legendary Trader Weights In

ADA Price Rose 36.5% in Two Weeks as Cardano Sees Increased Whale Transactions and Address Activity

G7 Countries Bring Code of Conduct for AI Firms Prior Regulations

Join our free newsletter for daily crypto updates!