Bitcoin In ‘Danger Zone’ Ahead Of Halving: Trader Warns Of Potential Price Drop
Even as Bitcoin nose-dived nearly 4% on Friday slipping down to $64,000 levels, the decline comes amid warnings from a pseudonymous crypto trader, who has indicated that the largest digital currency has officially entered the “danger zone,” a period historically associated with pre-halving price retracements. According to Rekt Capital, “It’s been two days since Bitcoin officially entered the ‘danger zone’ where historical pre-halving retraces have begun.” With the halving event approximately 26 days away, Bitcoin has seen a significant pullback of nearly 18% since last week. The trader highlig…