Understanding Bitcoin’s behavior pre and post-halving is crucial for predicting its market trajectory.
The halving event could signal a bullish future for Bitcoin, springboarding it to new heights.
In the realm of cryptocurrency, understanding the nuanced dynamics of market behavior is key to navigating investment strategies. This is particularly true for Bitcoin (BTC), the trailblazer of the crypto world, as it approaches a significant milestone: the halving event.
Renowned crypto analyst Rekt Capital, renowned for his insights, recently shared a tweet that illuminates this phenomenon. He notes,
#BTC
Black trendline tends to act as a resistance in the Pre-Halving period (orange circles)
But after the Halving, it gets broken & reclaimed as new support (black circle)
Then after a successful retest, $BTC later springboards to new All Time Highs#Crypto #Bitcoin pic.twitter.com/eCE8aUi2Xi
— Rekt Capital (@rektcapital) November 30, 2023
This observation, rooted in historical patte
