Halving Trend
Bitcoin’s price has been following a pattern before its halving events. In 2020, the price dropped about 20% in the month leading up to the halving.
Expected Crash
This time around, the price crash is expected to happen around the same time as the halving. The price could drop between 20% and 38%, potentially pushing it below $40,000.
Significance of the Crash
The crash confirms that Bitcoin is following the pre-halving trend and indicates the upcoming bull market. After the crash, there’s usually a period of accumulation before the bull market kicks in.
Opportunity for Investors
The crash presents a last chance for investors to buy Bitcoin at lower prices. Once the halving and bull market begin, low prices will be a thing of the past.
Current Market Status
As of writing, Bitcoin is recovering slightly from its crash below $63,000, but it’s still down 5.91% on the day and 12.19% on the week.
