Analysis: Bitcoin half of 2024-prices decrease before halving, the breakthrough of $ 55,000 forecast and market correction is expected.

Analysis: Bitcoin half of 2024-prices decrease before halving, the breakthrough of $ 55,000 forecast and market correction is expected.
The Bitcoin thesis and the prices before halving
The next Bitcoin thermalation is planned for April 2024, an important event in which the rewards of the miners are halved. Historical data show that Bitcoin tends to experience lower prices before halving. Both the prices before halving and the old all -time highs were lower than the prices after halving.
Vacation of $ 55,000 in the months after halving
market correction awaited
A analyst expects a market correction for Bitcoin in the near future. Despite the recent upward movement of BTC, a mini carabel continues to act as resistance. The analyst identified the $ 29,887 mark as crucial support. If Bitcoin loses support at this level, it could fall at $ 29,225. At the time of writing this article, Bitcoin is currently trading at $ 29,750, which corresponds to a decrease of 0.7% in the last 24 hours.
Invest with caution
As with any investment, investors are recommended to carry out their DUE diligence test before participating in risky activities with Bitcoin, cryptocurrency or digital assets. It is important to be aware that transfers and businesses are associated with risks and that any losses are the responsibility of the individual investor.