Before Bitcoin's halving, there's a possibility of a sudden drop in its price. This drop could be between 25% to 40%. Here's a breakdown:
1. Bitcoin has already decreased by 17.66% from its all-time high. It could drop by 28.16% from the all-time high to the first support level, and a total of 40.57% to the second support level.
2. After a breakdown, Bitcoin might decrease by 10.62% to the first support level and by 26.07% to
second support level.
For trading:
- Entry: Once Bitcoin falls below 59,300.
- Target 1: 53,000
- Target 2: 44,000
- Stop-loss: 70,000
Remember to refer to our charts for more details.
