The Bitcoin Pre-Halving Retrace
Bitcoin is officially in 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, occurred 14 days before the Halving, and lasted only 3 days before bottoming
In 2016, this retrace was -40% deep, occurred 28 days before the Halving, and lasted 46 days before bottoming
Recently, $BTC pulled back almost -18%, this retrace occurring approximately 30 days before the Halving and lasting 9 days thus far
Bitcoin Repeats 2016 & 2020 History
Interestingly, Bitcoin recently repeated 2016 history when Bitcoin began its Pre-Halving Retrace approximately 30 days before the Halving
After all, in 2016 the Pre-Halving Retrace occurred approximately 28 days before the Halving
But Bitcoin isn't just repeating 2016 history
It is also repeating 2020 history - at least thus far
Because the current Pre-Halving Retrace is almost -18% deep whereas in 2020 it was almost -20% deep
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