The world’s largest cryptocurrency Bitcoin (BTC) continues to extend gains for the third consecutive day in a week! At press time, the BTC price is up 3.26% trading at $47,400 with a market cap of $930 billion.
Bitcoin’s Pre-Halving Price Rally
Amid the Bitcoin price consolidation at $43,000 for almost three weeks since the Bitcoin ETF approval, some analysts were predicting a dip to $38,000. However, with strong ETF inflows, the pre-halving rally has already kickstarted and the downside looks limited from here.
#BTC
The Pre Halving Downside phase is over
Time for the $BTC Pre Halving Rally phase#Crypto #Bitcoin https://t.co/a8pGjbVkTM
— Rekt Capital (@rektcapital) February 9, 2024
According to crypto analyst Rekt Capital, historical patterns suggest that the pre-halving rally phase for Bitcoin typically commences around two months before the actual halving event. With this timeline in mind, the analyst predicts that the pre-halving rally phase should initiate by next week.
How
We współpracy z: https://coingape.com/is-bitcoin-halving-downside-over-experts-share-potential-targets/
