This year bitcoin has pullback in January and a -14% early March.
Therefore it's possible that a pre-halving retrace, should one occur, would more likely be on the shallower side than on the deeper side."
BTC/USD, 1-week chart. Source: Rekt Capital, X BTC price underperforming previous halvings
But what if history doesn't repeat this time?
For instance, the current cycle already differs because BTC price set a new record high for the first time before the halving even took place.
Secondly, Bitcoin is yet to catch up to its growth trajectory from previous halving cycles, according to historical data shared by Econometrics, in a March 12 X post:
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"If Bitcoin had followed a growth trajectory