• Massive retracement before the BTC halving event is “not unusual.”
• An extended rally always ensues the halving event, lasting 6-18 months.

Bitcoin [BTC] rebounded following a dovish US Fed rate decision, posted a 9.5% gain, and reclaimed $68K on 20th March

This was after dropping  over 14% from a high of $73K. However, the recovery was not sustainable as BTC faltered to $66K as of press time.

The whip-sawing prices have attracted expert analysts’ comments citing historical data to gauge post-BTC halving price projections.