CURRENT UPDATE OF BITCOIN

Bitcoin's current price rise is notable, with predictions suggesting it could reach $71,000 in the next few days.

This momentum is likely to signal a further rally, with predictions suggesting a range of $73,000 to $78,000 if it hits $71,000 once again.

However, it is important to consider historical trends, especially before Bitcoin halving events. These events reduce the rate of new Bitcoin creation, which has historically been accompanied by price drops ranging from around 5% to 23%.

This pattern was observed during the first halving on November 28, 2012, with a 5% drop occurring between November 24 and 28.

Similarly, the second halving on July 9, 2016 decreased by 14% from July 3 to 9. The third halving on May 11, 2020 followed a similar trend.

The pertinent question now is whether Bitcoin will follow this historical pattern again.#binance #having $BTC