The pre-halving correction has come into the picture as analysts around the world are forecasting bearish signals for Bitcoin.
Crypto enthusiasts are forecasting a possible Bitcoin correction before the halving event, following a decline of nearly 15%. The world’s largest crypto asset has fallen over the last six days from its latest all-time high of $73,738.
Is a Pre-Halving Correction About To Take Place?
While some analysts predict a $150,000 Bitcoin price target, others warn of a potential correction. Pseudonymous analyst, ‘Rekt Capital’ says that there are increasing signs of overheating, and the Bitcoin price could experience a significant drop before the halving in April. Moreover, the analyst notes that a pre-halving correction of 20% occurred in 2020, and a 38% retracement was observed before the 2016 halving.
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It’s been 1 day since Bitcoin officially entered the „Danger Zone” (orange) where historical Pre-Halving Retraces have begun
Currently, $BTC i
We współpracy z: https://www.thecoinrepublic.com/2024/03/20/bitcoin-slips-below-62k-is-it-a-pre-halving-correction/
