BTC's typical pre-halving dip appears to be over... up to $90,000 upside possible
"Bitcoin's pre-halving dip appears to be over," analyzed crypto trader and analyst Rekt Capital, which has nearly 400,000 followers on X. "BTC tends to experience a dip about 60 days before it halves. This pre-halving dip seems to have accelerated slightly after the recent rally.
Prior to the halving, investors buy to 'sell on the news' and sell to 'sell on the news,' creating a pre-halving price retracement (pullback). The 2016 pre-halving pullback was -38% and the 2020 pullback was -20%. A pre-halving pullback is typically followed by a multi-month re-accumulation period that can last up to five months. If the price breaks out of the re-accumulation zone and begins a full-fledged uptrend, it could reach $90,000 or more.
