Will Bitcoin see a huge correction before the halving?
Bitcoin halving is a 100 plus days away and we are all expecting the crypto market to pump like crazy but before the pump, there is going to be a dump, we had a 50% drop happen during the pre-Bitcoin halving in 2015, in 2019, We dumped over 50% in the second half of 2019, It was before black swan in march 2020. The 50% pre-Bitcoin halving dump is what a good amount of people are expecting. But what happened on the previous cycle is a 100 year black swan event. The closer we get to the Bitcoin halving, the more likely we are to see a possible Bitcoin dump.
The fake news about bitcoin spot ETF approval was what pushed the price of bitcoin above $30k and If the Bitcoin spot ETF is denied, or if it continues to be delayed as well I don't think we will see 70% drops or more maybe 30% to 50% drop, Bitcoin got more stable over the past few weeks, which means there is also a possibility of a move to the upside. Whether there is a pre-Bitcoin halving dump or not is best to hedge against a correction. In other words, have some skin in the game now. If prices drop, simply HODL, and buy more on a correction. The risk of missing a substantial spike in prices when the Bitcoin halving is too great to not be in the game.
I love big corrections in the pre-bull market or pre-bitcoin halving dump, so I would love to see a short sharp dump happen, but there seems to be just too much bullish stuff right now. Once the new year hits, do closer we get to the Bitcoin halving and possible bitcoin pump.
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Since the halving will soon take place its best adviced to buy more coin when the price drops or hold and never be in a hurry. Lets watch the market trend.
Buy more coins and watch the market do it's thing.
A few days? It’s not until April.
Yeah, days away sorry, I know it is April.
I really hope that the Halving hits like a bomb again. I need nice big numbers again.
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