Bitcoin price prediction continues to show strength, shrinking the chances of a correction before the pre-halving rally. If anything, BTC may have already confirmed the early stages of the pre-halving rally. Most bullish intraday traders are closely watching the $52,000 level, established as solid support.
On the upside, $53,000 is an area of concern due to the liquidity anticipated. This range may extend to $53,400. A successful retest of the hurdle could act as a price magnet, paving the way to $58,000.
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Bitcoin Price Prediction: Has The Pre-Having Started?
As Bitcoin gradually moves closer to the halving hype cycle, investors are keen to spot opportunities before time runs out. The halving, which reduces miner rewards by half every four years, is anticipated in April. Crypto trader and analyst Rekt Capital suggests that the transition to the pre-halving rally has started.
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