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Bitcoin’s Pre-Halving “Danger Zone” and Continued Bullish Sentiment Among CEOs
As Bitcoin approaches the critical period known as the halving, historical patterns suggest a potential dip in its value, a phenomenon termed the "danger zone." Currently valued at around $68,000, Bitcoin is on the brink of this precarious phase, which traditionally sees a price decrease in the weeks leading up to the halving event. Crypto analyst Rekt Capital highlighted this trend, noting that Bitcoin is about to enter a period historically marked by significant retracements.