Historical Pre-Halving Retraces
According to Rekt Capital, Bitcoin has experienced notable pre-halving retraces in the past. In 2020, the retrace was -20% deep, while in 2016, it was even more pronounced at -40%. Currently, Bitcoin is just 30 days away from the upcoming halving and has already pulled back -11% this week.
As the market anticipates the halving, which is expected to reduce the block reward and potentially impact Bitcoinâs supply dynamics, investors and traders are closely monitoring the cryptocurrencyâs price action for any signs of a more substantial retrace#btc $BTC
