Below is from Rekt Capital an X personality I follow for opinions.

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

#Crypto #Bitcoin#learneandearn #Write2Erarn #HotTrends #BTC