When Will the Ongoing Bitcoin Pre-Halving Rally End According to a Crypto Expert?

In a recent video titled “The Bitcoin Pre-Halving Rally – When & Where Will It End?”, popular crypto analyst Rekt Capital covered insights into the potential timing and price movements for Bitcoin’s pre-halving rally.

Historically, Bitcoin’s pre-halving rally tends to start about 60 days before the halving event. According to Rekt Capital, we are currently halfway through this rally phase, suggesting it kicked off slightly early this cycle.

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?🤫

The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.

Show more +

The video draws comparisons to previous halving cycles in 2016 and 2020. In 2020, a local top occurred 2 weeks pre-halving before a 20% retracement. In 2016, the local top was 28 days out, followed by a 29-40% retracement.

Danger Zone

Rekt Capital identifies a “danger zone” for this cycle 28-14 days before the halving. This time period carries risk of hitting a local top and retracing. Per historical data, there could still be a few weeks of rally left.

While significant upside has occurred, some retracement is expected. The video discusses using Pi Cycle moving averages to identify potential rejection points. A rejection from the 350-day moving average (doubled) could signal the end of the rally.

Final Thoughts

In conclusion, while short-term pullbacks are anticipated, Rekt Capital remains bullish on Bitcoin’s long-term trajectory. However, a pre-halving retracement in-line with historical norms should not be ruled out over the next few weeks.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

CaptainAltcoin
Logo