Bitcoin Enters “Danger Zone” as Halving Approaches
Historical Pre-Halving Retraces According to Rekt Capital, Bitcoin has experienced notable pre-halving retraces in the past. In 2020, the retrace was -20% deep, while in 2016, it was even more pronounced at -40%. Currently, Bitcoin is just 30 days away from the upcoming halving and has already pulled back -11% this week. As the market anticipates the halving, which is expected to reduce the block reward and potentially impact Bitcoin’s supply dynamics, investors and traders are closely monitorin
According to Rekt Capital, Bitcoin has experienced notable pre-halving retraces in the past. In 2020, the retrace was -20% deep, while in 2016, it was even more pronounced at -40%. Currently, Bitcoin is just 30 days away from the upcoming halving and has already pulled back -11% this week.
As the market anticipates the halving, which is expected to reduce the block reward and potentially impact Bitcoin’s supply dynamics, investors and traders are closely monitoring the cryptocurrency’s price action for any signs of a more substantial retrace#btc $BTC
What are the 14 best cryptocurrencies to buy now for gains in 2024?
In no particular order except 1–3, because I’ll be honest with you. Memes are the ones doing it right now. ALT season is approaching. This is no time to sleep on them. Then I have to provide you with more than 10 so you see the ones with utilities that suit your individual. Note that the majority will do a 100x, so bookmark this post. Claim Free 3 FDUSD💸 1. Bitcoin, but you’re too late. This is now for institutional investors.#BTC 2.ETH#ETH 3. LINK#LINK.
🔔 Binance to List Book of Meme (BOME) with Seed Tag Applied !
Binance to List Book of Meme (BOME) and Open Trading for BOME/BTC, BOME/USDT, BOME/FDUSD, and BOME/TRY Spot Trading Pairs on March 16, 2024, at 12:30 (UTC).#BOME $BOME
▶️ Check More Details Here: https://www.binance.com/en/support/articles/bca0f355cf004367b90d7e48fee3470c
🔔💸BTC is depleting now, I'm hoping that Market Makers have done their JOB. $500+M already washed out from buyers accounts ... if its market manipulation then market is recovering back so quickly because now leverage is on SELL side there is no benefit to dump #BTC anymore as only $3-5m OI is until $59k but on the opposite side hafty $2-$4b to liquidate from seller ... let's see how the price plays out .. I believe market would not crash further but mere think karne se kia hota hai?😉#BTC $BTC