Bitcoin market price movements have historically followed similar patterns leading up to the four-year halving event.
There is usually a mid-cycle top, then a pullback of as much as 30% before the halving and the next bull cycle.
On Jan. 30, crypto analyst “Rekt Capital” said that the pre-halving period where pullbacks tend to occur is ending in two weeks.
“Only two weeks left for any downside before the Pre-Halving rally period begins.”
#BTC
Time is running out
The Pre-Halving period (orange) where pullbacks tend to occur is ending in two weeks
Only two weeks left for any downside before the Pre-Halving rally period begins (light blue)$BTC #Crypto #Bitcoin pic.twitter.com/stREAAXJ2X
— Rekt Capital (@rektcapital) January 29, 2024
Pre-Halving Dip Dwindling
The halving is less than three months away now, and it is predicted to occur around April 22.
A similar pre-halving retrace occurred in early 2020 when BTC was trading at around $9,500. Additionally, that year had the pande
We współpracy z: https://cryptopotato.com/pre-halving-dip-completed-bitcoins-price-tested-44k/
