What awaits Bitcoin price after analysts expected it to take off to $120,000, is selling now an uncalculated risk?

Bitcoin (BTC) is currently stable within a narrow trading range between $55,000$ and $60,000, but despite its price fluctuations becoming less noticeable recently, this stage could represent the calm before the storm, as the crypto market analyst known for his deep insights Crypto Rover recently posted a tweet that caught the attention of the crypto community, as he stated on his Twitter account (@rovercrc) that:

“Now is the worst time to abandon #Bitcoin…”

The owner of the Rover account also highlighted that the Bitcoin bull market is going through a delicate phase, and urged investors to be patient despite its recent price fluctuations; Rover’s warning suggests that a bullish breakout is possible with a strong resistance barrier just above the 58,000$ level. Many traders are predicting that if BTC manages to break above it, it could lead to a massive rally that could push the price to higher levels.

Price Action After Halving and Will the Coin Begin a New Era?

Throughout history, Bitcoin halving events—the pre-scheduled reduction in Bitcoin mining rewards roughly every 4 years—have been the catalyst for massive rallying waves following their occurrence as halving events reduce the number of BTC coins in circulation.