The recent price action should have been expected

If you are surprised by how bitcoin has traded since its halving, you weren't pay attention.

If you go back and look at the past several halving events there was a period of consolidation and even pullback after each halving.

Check it out:

As you can see we have put in a similar pattern this time around.

It is hard to tell exactly when we break out but as you can see when we break out of this pattern we tend to go parabolic.

This is the point in the phase that the fastest and most explosive gains occur.

Bitcoin about to break out of its post halving consolidation phase