📉 Is Bitcoin poised for a pre-halving correction? While Ber

--・298 views

📉 Is Bitcoin poised for a pre-halving correction? While Bernstein predicts a $150,000 price target, cautionary voices warn of potential downtrends. Despite hitting a new all-time high of around $73,700 on March 13, Bitcoin could be signaling a correction based on historical chart patterns. Analysts note similarities to past pre-halving corrections, such as the 20% dip in 2020 and the 38% retracement in 2016. Pseudonymous analyst Rekt Capital suggests the possibility of a retracement lasting up to 77 days, albeit potentially shallower than previous cycles given recent pullbacks of -18% in January and -14% in early March. Yet, this cycle diverges from history as Bitcoin achieved record highs before the halving, challenging traditional patterns. Will history repeat, or are we in uncharted territory? Stay tuned for updates as Bitcoin's journey unfolds! 📉💡 #BitcoinCorrection #BinanceInsights #cryptotrends #Write2Earn 🌟

📉 Is Bitcoin poised for a pre-halving correction? While Bernstein predicts a $150,000 price target, cautionary voices warn of potential downtrends.
Despite hitting a new all-time high of around $73,700 on March 13, Bitcoin could be signaling a correction based on historical chart patterns. Analysts note similarities to past pre-halving corrections, such as the 20% dip in 2020 and the 38% retracement in 2016.
Pseudonymous analyst Rekt Capital suggests the possibility of a retracement lasting up to 77 days, albeit potentially shallower than previous cycles given recent pullbacks of -18% in January and -14% in early March.
Yet, this cycle diverges from history as Bitcoin achieved record highs before the halving, challenging traditional patterns. Will history repeat, or are we in uncharted territory? Stay tuned for updates as Bitcoin's journey unfolds! 📉💡 #BitcoinCorrection #BinanceInsights #cryptotrends #Write2Earn 🌟