Bitcoin's recent price rally is approaching a crucial Fibonacci retracement level, which could signal the end of its pre-halving surge. Social media trader Titan of Crypto has reiterated his previous BTC price target of up to $50,000 before the halving event. Bitcoin is facing strong resistance near the $40,000 level, with several failed attempts to break through. The $39,000 range is considered a breakeven point for those who entered the market during the 2021 bull run. Additionally, Titan of Crypto has identified $39,000 as the lower boundary for where BTC/USD should end up before the halving in April 2024. Other analysts, such as Filbfilb, also predict similar price targets before the halving occurs. In the immediate term, $30,900 is seen as a potential support level for any corrections. Bitcoin is currently trading at around $36,500. Read more AI-generated news on: https://app.chaingpt.org/news

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