Bitcoin (BTC) is back below $70,000 after momentarily rising above this psychological price range on April 7. This price action suggests that the bears are still in control, which could remain the case throughout this week. As the tug of war continues, here are some key events to watch out for.
Is The Pre-Halving Retrace Over?
Crypto analyst Rekt Capital previously highlighted the phases of the Bitcoin Halving, including the pre-halving retrace. He noted that Bitcoin’s price usually drops 28 to 14 days before the Halving event. With the halving event about 12 days away, there is the belief that the pre-halving retrace is over.
However, considering that the cycle has already proven unique, especially with BTC hitting a new all-time high (ATH) before the Halving, investors will undoubtedly be wary about the flagship crypto making one last price correction this week. In one of his recent X (formerly Twitter) posts, Rekt Capital also admitted that it is still uncertain w
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