Bitcoin Price Set for 12% Dip Before Potential 400-Day Rally

Key
Points:

1. Bitcoin
   price
   may
   dip
   12%
   before
   finding
   strong
   support.
2. History
   shows
   Bitcoin
   often
   rallies
   within
   400
   days
   after
   halving.
3. Whale
   accumulation
   suggests
   confidence
   in
   future
   price
   gains.

Bitcoin
Price
Expected
to
Drop
12%
Before
Major
Breakout

Bitcoin‘s
price
has
been
moving
sideways
since
its
fourth
halving
on
April
19th.
Currently
trading
around
$58,165,
Bitcoin
has
seen
a
slight
dip
of
1.5%.
The
price
has
struggled
to
stay
above
$60,000,
and
some
indicators
suggest
a
12%
drop
may
occur
before
Bitcoin
finds
strong
support
around
the
$50,000
level.

This
expected
dip
is
part
of
a
broader
pattern
involving
two
downward-sloping
trendlines.
These
could
temporarily
push
the
price
lower,
but
they
might
also
set
the
stage
for
a
strong
breakout.
If
the
market
follows
this
pattern,
Bitcoin’s
price
could
surge
to
$83,450,
continuing
its
long-term
upward
movement.

Historical
Data
Points
to
400-Day
Post-Halving
Rally

Bitcoin
has
a
history
of
significant
price
rallies
within
400-500
days
following
each
halving
event.
These
halvings,
which
cut
the
rewards
for
mining
new
blocks
in
half,
have
often
led
to
new
all-time
highs.
Past
halvings
in
2012,
2016,
and
2020
were
all
followed
by
major
price
increases
within
this
timeframe.

Recent
analysis
suggests
that

Bitcoin
could
follow
this
pattern
again,
with
a
significant
rally
expected
by
2024.
This
indicates
that
while
the
market
currently
faces
uncertainty,
a
strong
price
surge
could
be
coming,
aligning
with
Bitcoin’s
historical
post-halving
behavior.

https://x.com/BitcoinChartBot/status/1830568895197168033

Whale
Accumulation
Reflects
Confidence
in
Future
Gains

Large
Bitcoin
holders,
known
as
whales,
are
showing
confidence
in
the
asset’s
future.
Data
from

Santiment
analytics
reveals
that
addresses
holding
between
100,000
and
1,000,000
BTC
have
been
steadily
increasing
their
holdings
since
late
July.
This
accumulation
suggests
that
major
investors
believe
in
Bitcoin’s
long-term
potential,
despite
the
current
price
consolidation.

However,
some
caution
is
advised.
The
daily
Exponential
Moving
Averages
(EMAs)
for
20,
50,
100,
and
200
days
are
nearing
a
bearish
crossover.
This
could
extend
the
consolidation
phase,
even
as
historical
trends
and
whale
activity
point
toward
a
possible
breakout.

Looking
Forward

Bitcoin’s
price
is
at
a
critical
point,
with
a
potential
12%
drop
before
it
finds
key
support.
Historical
trends
suggest
a
strong
rally
could
follow
within
400
days
post-halving,
possibly
leading
to
new
all-time
highs.
Whale
accumulation
adds
further
confidence
in
Bitcoin’s
future,
though
short-term
caution
remains
necessary.
Investors
should
watch
key
support
levels
and
market
signals
as
Bitcoin
prepares
for
its
next
significant
move.