I have read often times that price of BTC usually dump before the halving and pick up after halving but it's looking as if there is going to be an exception to this rule this year now that Bitcoin ETF has already been approved and lots of instructional buying going on.
With BTC constantly going up and as we approach March I'm just few days? Do you think we are going to see any major corrections before the halving?
You have posted to early because just after your post bitcoin crossed 56k now and your title seems to be odd because if bitcoin will be having correction then that will be more low that 53k at least below 50k but for me there might not be happening because this time we may experience different scenario than what we had in the past.
I don't think that bitcoin will go below 50k, because the odds are very small. The reason why I said this is because, after bitcoin touched 52k..it corrected to 49k+, and the price didn't stay there for long before it went immediately back to 50k+. Now that we have seen the price at 57k+, but as I am typing this post, the price of bitcoin is 56k+, if a correction would be made, it should be from 50k, and above but not below 50k.
This is good news for investors, because it is not up to 24hrs that we have seen 9% pump in bitcoin price, and we are still having a month and some days to the halving, which means that we might see the price of bitcoin above 60k before the halving, if a correction in place did not take place, but I don't think that we can see a price above the last ATH price before the halving. However, any thing is possible, because the approval of bitcoin ETF, is playing a big role on bitcoin price, which makes this circle a special one.