As Bitcoin is on the way to enter its pre-halving “danger zone”, Industry CEOs are predicting influential price surges despite historical dips.
Bitcoin (BTC), the big cheese of the crypto world is all set to enter the pre-halving “danger zone” within 2 days. So far, in the weeks preceding the halving date, BTC had entered a retracement phase.
CEOs Prediction on Bitcoin Pre-Halving
Bitcoin is expected to produce a ‘pre-halving’ dip phase within the next week based on its historical trend. Rekt Capital, a crypto analyst, described the historical trend, by comparing the trend with previous halvings in 2016 and 2020.
On March 18, Rekt Capital took to X (formerly Twitter) to highlight the same.
#BTC
In 2 days, Bitcoin will officially enter the “Danger Zone” (orange) where historical Pre-Halving Retraces have begun
Historically, Bitcoin has performed Pre-Halving Retraces 14-28 days before the Halving
In 2020, this retrace was -20% deep
In 2016, this retrace was
We współpracy z: https://www.thecoinrepublic.com/2024/03/18/bitcoin-on-the-way-to-enter-pre-halving-danger-zone-heres-why/
