Bitcoin has been struggling recently to reclaim its fresh all-time high of $73,737 after days of sustained selling pressure — can bulls finally turn the tide? Bitcoin has officially entered a pre-halving “danger zone”, much to holders’ chagrin. According to pseudonymous analyst Rekt Capital, This is when the BTC price has historically dipped in the lead-up to its halving event. Is Another Bitcoin Crash On The Cards? Bitcoin is now just 26 days away from its fourth halving and could be repeating history with a classic pre-halving retracement. Known to his 434.3K followers on X as Rekt Capital, the analyst noted that Bitcoin is now in a “danger zone”, where the benchmark cryptocurrency has historically dropped between 20% and 40%. “It’s been two days since Bitcoin officially entered the ‘danger zone’ (orange) where historical pre-halving retraces have begun. Historically, Bitcoin has performed pre-halving retraces 14-28 days before the halving. Currently, BTC is approximately 26 days away from the halving and has pulled back almost -18% in total since last week.” As of this writing, the Bitcoin price is just above $63,500 after having lost 2.5% in the past day, according to data from CoinGecko. Rekt is not sure whether Bitcoin has bottomed out or not. However, the pundit is sure BTC is now within the “danger zone time window,” meaning the cryptocurrency could see further downside ahead of the April block subsidy halving event. The analyst anticipates BTC’s price to plummet toward the $40,000-42,000 region before halving. As the name suggests, the halving lowers the rate at which new Bitcoin is rewarded to miners by half. It has occurred thrice since Bitcoin debuted in January 2009.
Cryptocurrency trading, or the buying and selling of digital assets like Bitcoin and Ethereum, has emerged as a dynamic and potentially lucrative endeavor. For beginners, it’s essential to understand what makes cryptocurrency unique, familiarize yourself with common trading concepts such as order books, trading pairs, and order types, and become comfortable with technical analysis charts and tools. This comprehensive guide will teach beginners all this foundational knowledge and prepare you to embark on your crypto trading journey.
!!!Urgent $BTC Market Change!!! While I'm sleeping BTC Entered #Bulishmomentum According to the 15m chart, BTC has entered a #BullishMomentum. now. So, everyone can open a Long position with sufficient funds and proper risk margin. Avoid highly risky trades and always maintain your liquidation price within a $6000 range. I'll provide updates if there are any changes in the market. BTC is expected to rise to these levels: 67900 68500 69200 Remember: A lot of Hardworking goes into for providing you Best Investment Articles. Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
Imagine the potential! 🚀 Suppose you seize the opportunity and invest $300 in PEPE at its current price of $0.00000785 per token. Now, envision PEPE soaring to $0.005 per token. Here's how your investment could pay off: At the current price of $0.00000785, your $300 investment gets you approximately 38,217,391 PEPE tokens. When PEPE reaches $0.005 per token, your profit calculation looks like this: Profit = ($0.005 - $0.00000785) * 38,217,391 tokens ≈ $189,861.42 Yes, you read that right! If PEPE hits $0.005, your initial $300 investment could skyrocket to approximately $189,861.42 in profit. But remember, investing in cryptocurrencies like PEPE carries risks and rewards. It's crucial to research thoroughly and understand the project before diving in. Also, consider employing sound investment strategies and risk management techniques. So, are you ready to ride the wave? Follow for more insights, leave your thoughts below, and share the excitement with others! #PEPEPotential #CryptoGainers #InvestmentOpportunity #write2earn….
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