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?
Yesterday it suddenly experienced another increase of up to several percent from $50.9k to $56K. 24-hour high $57,073.84.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?
At this stage it is good for us and good for long term investors. If a correction occurs again after this increase, the opportunity to continue accumulating Bitcoin in an amount that can be obtained is still available before the halving.
It may not be a new theory, but 2024 is as difficult to predict as previous market experiences.
At least long-term investors who invest in Bitcoin using the DCA pattern can still enjoy this activity.