🗣 Bitcoin has officially entered the "Danger Zone" (orange) where historical Pre-Halving Retraces have begun.📊📉📉
✔️ Historically, Bitcoin has performed Pre-Halving Retraces 14-28 days before the Halving. 📊 In 2020, this retrace was -20% deep. 📊 In 2016, this retrace was -40% deep. ✔️ Currently, $BTC is approximately 28 days away from the Halving and has pulled back -14% in total since last week.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
23 Likes
Reward
23
9
Repost
Share
Comment
0/400
CryptoRant
· 2024-03-19 16:26
A 20% Bitcoin correction would equal maximum opportunity. .
If this happens, $BTC will retrace to $59,000 +- and I will open a $1m long position. . .
Reply1
View More
Ryakpanda
· 2024-03-19 15:08
Thank you 🌹🌹🌹
View OriginalReply1
BTC
· 2024-03-19 14:54
At present, it is indeed not enough support, and it should continue 📉
🗣 Bitcoin has officially entered the "Danger Zone" (orange) where historical Pre-Halving Retraces have begun.📊📉📉
✔️ Historically, Bitcoin has performed Pre-Halving Retraces 14-28 days before the Halving.
📊 In 2020, this retrace was -20% deep.
📊 In 2016, this retrace was -40% deep.
✔️ Currently, $BTC is approximately 28 days away from the Halving and has pulled back -14% in total since last week.
#Gate Post Highlights# #NewYear2024# #ContentStar# #比特币# #BountyCreator# #HotTopicDiscussion# #GateioBountyCreator# #Crypto #
If this happens, $BTC will retrace to $59,000 +- and I will open a $1m long position. . .