In 1 day, Bitcoin will officially enter the "Danger Zone" (orange) where historical Pre-Halving Retraces have begun
Historically, Bitcoin has performed Pre-Halving Retraces 14-28 days before the Halving
In 2020, this retrace was -20% deep and began 14 days before the Halving
This retrace lasted only a few days but preceded an over 150-day Re-Accumulation period before Bitcoin broke out into its parabolic uptrend
In 2016, the PreHalving Retrace was -40% deep and began 28 days before the Halving
This retrace lasted 8 weeks in total before Bitcoin broke out into a parabolic uptrend
Currently, $BTC is approximately 29 days away from the Halving and has pulled back -11% last week (reference from Rekt Capital in X)
