After weeks of nonstop bullish momentum, Bitcoin (BTC) retraced below $61K, a correction many analysts deemed necessary before the halving.
As CryptoPotato reported, over $220 billion were lost in just two days, with altcoins like Solana (SOL), Dogecoin (DOGE), and Ripple (XRP) suffering the most. However, the trend changed in the following hours, especially after the latest US FOMC meeting.
The Possible Post-Halving Returns for BTC
According to analyst Rekt Capital, BTC has officially entered the “Danger Zone,” a period in which retraces usually begin before the pre-halving.
The Bitcoin halving is nearing, an event in which BTC rewards for miners will be cut in half. This will pressure miners to sustain operations and face stiffer competition on the network. Analysts are pointing out a post-halving rally, which could bring the price of BTC to new heights.
According to technical analyst Trader Tardigrade, previous returns post-halving marked increases of 9,000%, 4,000%, and 700%.
We współpracy z: https://cryptopotato.com/bitcoin-post-halving-returns-could-boost-btc-prices-200-analysts/
