Bitcoin Pre-Halving Rally Has Only Just Started, Says Crypto Analyst – Here’s His Outlook
A popular crypto analyst believes the pre-halving rally for Bitcoin (BTC) is still in the beginning stages.
Pseudonymous crypto trader Rekt Capital tells his 57,300 YouTube subscribers that based on historical patterns, Bitcoin’s pre-halving rally may extend for weeks longer.
Bitcoin’s halving is scheduled to occur in April when BTC miners’ rewards are cut in half.
Says Rekt Capital,
“The main takeaway here is that this pre-halving rally has only just begun technically speaking, and it’s a little bit too soon to talk about a last pre-halving retrace. This pre-halving retrace tends to occur a few weeks before the halving event. And so that just means that we might have a few weeks left, whether it’s still just hovering at the highs for a few more weeks, re-accumulation at highs before the retest or the retrace or maybe we see a little bit more limited upside before that retrace occurs.”
