Bitcoin Expected to Decline Before Halving, with Historical Adjustments Up to 40%

According to FX168 Financial News, before the halving in April, Bitcoin miners will enjoy the last month of subsidy, receiving 6.25 Bitcoins per block. Debates on how this event will affect Bitcoin's price behavior continue: historically, new highs have never occurred before the halving but several months afterward. Before and after the Bitcoin halving, the classic pattern of a decline followed by a rise is still likely to occur. Recent detailed analysis by Rekt Capital has outlined the risks facing holders in the future: "Within two days, Bitcoin will officially enter the 'danger zone' (orange), where historically the pre-halving correction has already begun," he warned on March 17, including an illustrative chart. "Historically, Bitcoin has corrected 14-28 days before the halving." During the past halving years, this "danger zone" has seen corrections of up to 40%—far exceeding the maximum drawdown from the recent high of about $73,700.