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Bitcoin's performance before the halving varies compared to traditional cycles, and analysts think this will affect market dynamics. Cryptocurrency analyst Rekt Capital states that Bitcoin has shown a stronger rise compared to previous halving periods. With 60 days left until the halving, Bitcoin has historically shown an upward trend, and it is stated that this time the rise is more severe.
According to Rekt Capital, Bitcoin has a higher potential before this halving and the rally is predicted to continue for a few more weeks. It is stated that a peak may occur before the halving and a retreat may occur after this strong rally.
The analyst makes predictions about how severe a possible correction before the halving could be. He states that after a strong rally, a pullback may be seen followed by a horizontal movement for a while, which will be an indicator of the health of the market. It is suggested that the withdrawal could be between 10% and 25%.
These analyzes are supported by Bitcoin's 22% increase in the last week and its current trading level of $62.1116. While a correction is expected in the market, Bitcoin's pre-halving activity continues to attract the attention of cryptocurrency investors.
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