Before each Bitcoin halving analysis, a drop in Bitcoin price is normal.
According to a report released by the on-chain data platform CryptoQuant, Bitcoin price fell to $61,000 this week, but it is not a cause for concern.
This price drop has caused considerable anxiety among investors and traders in the cryptocurrency market. Before each halving, Bitcoin price usually falls, causing the price of crypto assets to slide.
Before the 2016 halving, Bitcoin price fell 40.36% to $465, and then soared to an all-time high of $19,600 a few months later.
Also before the 2020 halving, Bitcoin price fell 20.35% to $8,078, and then rose to a high of $69,000.
Bitcoin's fourth halving will take place on Saturday, April 20. Currently, BTC has fallen 16.65% since its all-time high of $73,700 a month ago.
The test of the bull market is not only the ups and downs of the market, but also the test of our mentality. In the face of changes in the account, we must remain calm and analyze rationally. Don't rush to sell because of a temporary loss, and don't blindly chase high because of a temporary profit.
Many people's assets have been halved, and it is inevitable that they feel deeply sad and regretful. Next, I will prepare some currencies suitable for bargain hunting. If you get lost, come and find the way →《点击回本计划》
