Bitcoin Halving: Implications and Price Predictions
TL;DR Summary
Crypto analyst Rekt Capital warns that Bitcoin is approaching a historical "danger zone" in its market cycle, typically leading to significant price retracements, as the BTC halving event approaches in mid-April. Despite being halfway through the pre-halving rally, potential dips and reaccumulation periods are expected, with BTC currently trading at $69,572. Investors are advised to conduct due diligence before making high-risk investments in Bitcoin or digital assets.
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- What Is Bitcoin 'Halving' and Does It Push Up the Cryptocurrency's Price? Bloomberg
- One bitcoin could be worth $115K after halving, study figures (Cryptocurrency:BTC-USD) Seeking Alpha
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