With less than 30 days remaining until Bitcoin halving, analysts, investors, and enthusiasts are closely monitoring the price of BTC. Over the last week, the price of Bitcoin has been unstable, reaching a record high of $73,750 before dropping to $65,000. Even though there has been a slight increase in its value by 4.5% over the last 24 hours, it appears that there is more pain ahead.
Bitcoin Approaching ‘Danger Zone’
A recent tweet by Rekt Capital has caused waves in the crypto community, indicating a crucial moment for Bitcoin’s price movement. As per the crypto analyst, Bitcoin has been gradually moving from the ‘Pre-Halving Rally’ stage towards the ‘Pre-Halving Retrace,’ the third stage in Bitcoin halving phases.
In just one day, Bitcoin is set to enter the “Danger Zone”, indicated by an ominous orange shade on their charts. This area, from a historical perspective, signifies the beginning of Pre-Halving Retraces, which are defined by corrective price changes be
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