Bitcoin has historically dipped in the weeks before the halving and might repeat such a move within the next week.
Bitcoin (BTC) could be just days away from entering a pre-halving “danger zone” — a time when its price has historically dropped in the lead-up to its halving, according to an analyst.
“In 2 days, Bitcoin will officially enter the ‘Danger Zone’ [...] where historical pre-halving retraces have begun,” crypto analyst Rekt Capital shared in a March 17 X post.
In the past, Bitcoin’s price has dipped in the 14 to 28 days leading up to its halving, Rekt Capital explained. During the 2016 halving, Bitcoin fell 40% during that time, and in 2020, it fell 20%.
