Michaël van de Poppe, the founder and CEO of MN Trading, has suggested that Bitcoin might test lower values before a potential rebound. BTC/USD price chartMoreover, another analyst, Rekt Capital, suggests that Bitcoin’s current trajectory mirrors historical patterns before block subsidy halvings. Bitcoin’s Whale MovementsThe market has also witnessed notable activity from Bitcoin ‘whales‘ – large volume holders. The dynamics between Bitcoin and Ethereum remain a focal point for market observers, especially considering Ethereum’s attempt to end an 18-month losing streak against Bitcoin. Read Also: Coinbase Has 70% Victory Odds Against SEC – Bloomberg Legal AnalystThe post Bitcoin Prepares for Potential Pre-Halving Correction appeared first on CoinGape.

Source: The Nation January 19, 2024 16:31 UTC