This chart displays Bitcoin’s price movement on a weekly scale, showing a pattern of consolidation near resistance at around $47,000. The chart highlights two 518-day phases, each representing a time span between halvings, with an upcoming halving marked around April 2024. Historically, price rallies often follow halvings, suggesting potential bullish momentum after the event. The current consolidation above previous resistance levels and near the halving could signal an upcoming breakout if the resistance is surpassed. For a potential trade, consider entering if Bitcoin breaks above $47,000 with strong volume, aiming for higher levels as momentum builds post-halving.