Make twenty - three copies of this last made layer and select Free Transform option to turn the copies around their axes on a certain angle:

 

 

Combine in a group all the layers containing the black lines (press Ctrl button to mark out the corresponding layers and hold on the left mouse’s button to take the accentuated layers on Create a new group selection). Apply the next indicated parameters for the new group: Opacity 20%



Make a copy of the last made group containing the black lines. We need to get back the Opacity option on 100% on the copied group, erasing on the copy all the lines, except those shown below:



Select the Ellipse Tool (U) to represent the next layer of the abstract element on the central part of the colored circle:



The layer’s parameters: Blending Options>Outer Glow



Blending Options>Gradient Overlay



Gradient’s parameters:



Blending Options>Stroke