You Held Bitcoin in Your Hand Until it Became More Valuable… Is the End of Opportunities for Investors Coming?
The Bitcoin Price Drop Surprised Cryptocurrency Investors
The recent days have brought a sharp decline in the value of Bitcoin, causing concern among investors in the cryptocurrency market. The so-called “bloody day” for the industry proved to be an unexpected challenge, but analyses indicate that the price drop is in line with established trends related to Bitcoin’s halving.
Bitcoin Halving Trends
According to Rest Capital, the drop in Bitcoin’s value is justified by halving trends of this cryptocurrency. The firm’s analysis revealed that in the months leading up to the 2020 halving, the price of Bitcoin dropped by about 20%. While there may be deviations from previous patterns, the digital asset seems to adhere to certain trends, including price declines before halving.
Price Drop Forecasts
Based on Rekt Capital’s analysis, the decline in Bitcoin prices before halving is expected. Historically, prices have dropped by an average of about 25% before halving, aligning with past trends. The analyst suggests that the personal target for the Bitcoin price drop is below $40,000, but there is a chance for stabilization above this threshold following a rebound.
Halving and Market Trends
The decrease in Bitcoin prices during halving confirms established pre-halving trends and hints at an upcoming bullish market. After price drops, there is usually a period of mass accumulation, signaling impending growth. Accumulation is expected to begin in April 2024 and last for several months.
Last Opportunity for Investors
Rekt Capital’s analysis indicates that the current drop in Bitcoin prices represents the final opportunity for investors to purchase the cryptocurrency at lower prices. Following the halving and the start of upward movements, low prices may become rare, making now the time for active engagement in the market.
Current Market Situation
Presently, the price of Bitcoin is around $63,500, but a decrease of 5.91% on the daily chart and 12.19% on the weekly chart is observed. Faced with these changes, investors are closely monitoring the situation, preparing for potential further fluctuations in the cryptocurrency market.
