Richard

Bitcoin

April

Rekt

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoins-precarious-phase-countdown-to-the-next-halving" rel="noopener noreferrer nofollow">Bitcoin’s Precarious Phase: Countdown to the Next Halving</a><br></p>
<p style="text-align: justify">Recent analysis indicates that <a href="https://en.bitcoinhaber.net/anticipating-bitcoins-halving-potential-outcomes-and-market-impacts" rel="noopener noreferrer nofollow">Bitcoin</a> might be on the brink of a risky phase that usually precedes its halving event, often characterized by a dip in value. A crypto analyst, Rekt Capital, has forecasted that Bitcoin is nearing a period that historically aligns with a decrease in its price, as seen in previous cycles.</p>
<h2 id="historical-trends-and-predicted-price-movements">Historical Trends and Predicted Price Movements</h2>
<p style="text-align: justify">Rekt Capital highlights that Bitcoin’s value traditionally falls between two to four weeks ahead of a halving. In past occurrences, the digital currency saw a significant decline—40% in 2016 and 20% in 2020—leading up to the event. A previous prediction by the same analyst anticipated a rally roughly 60 days before the halving, succeeded by a downturn close to the event. This pattern appeared to hold true when Bitcoin surged in February and overtook its past peak before witnessing a recent pullback.</p>
<h2 id="market-expectations-and-expert-projections">Market Expectations and Expert Projections</h2>
<p style="text-align: justify">As the anticipated halving event approaches on April 20, Bitcoin has already started to show a reduction in its value, with an 8% decline from its new record high, based on Tradingview statistics. Despite this, there’s optimism among industry leaders.</p>
<p style="text-align: justify">Richard Teng of <a href="https://en.bitcoinhaber.net/strategic-shift-binance-to-divest-majority-stake-in-south-korean-exchange-gopax" rel="noopener noreferrer nofollow">Binance</a> expressed his view at a Bangkok event, forecasting that Bitcoin is on track to set new records, potentially rising above $80,000 by year-end. He cited new investments by institutional players as a driving factor. Meanwhile, Kris Marszalek of Crypto.com referred to the current price fluctuation as a correction that stabilizes the market, noting the relatively modest volatility compared to previous periods.</p>
<p style="text-align: justify">These projections point to a Bitcoin landscape of both upcoming challenges and promising highs, with demand surpassing dwindling supply, but cautioning that the path ahead may be bumpy with inevitable price swings.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoins-precarious-phase-countdown-to-the-next-halving" rel="noopener noreferrer nofollow">Bitcoin’s Precarious Phase: Countdown to the Next Halving</a></h5>

Bitcoin’s Precarious Phase: Countdown to the Next Halving

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