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๐ฃ Bitcoin has officially entered the "Danger Zone" (orange) where historical Pre-Halving Retraces have begun.๐๐๐
โ๏ธ Historically, Bitcoin has performed Pre-Halving Retraces 14-28 days before the Halving.
๐ In 2020, this retrace was -20% deep.
๐ In 2016, this retrace was -40% deep.
โ๏ธ Currently, $BTC is approximately 28 days away from the Halving and has pulled back -14% in total since last week.
#Gate Post Highlights #NewYear2024 #ContentStar #ๆฏ็นๅธ #BountyCreator #HotTopicDiscussion #GateioBountyCreator #Crypto
If this happens, $BTC will retrace to $59,000 +- and I will open a $1m long position. . .