Crypto analyst Rekt Capital explains why this dip is just part of Bitcoin's natural cycle before halving
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He indicated that despite the signs of Bitcoin experiencing an accelerated cycle, history is nonetheless repeating itself. Rekt Capital noted that Bitcoin had broken out into a"pre-halving rally" exactly as planned. Currently, he added, Bitcoin is moving into its"pre-halving retrace" phase, also right on schedule.is a temporary retracement, a natural part of the cycles that Bitcoin has undergone in the years leading up to previous halvings.
Overall, while today's price dip may cause temporary concern, the underlying dynamics of Bitcoin's market suggest that this could be just another step in its larger cyclical journey. As the halving event approaches, all eyes will be on Bitcoin to see if history indeed repeats itself.With over three years of immersive experience in the crypto industry, Mushumir is a seasoned crypto writer dedicated to unraveling the complexities of blockchain technology and decentralized finance.
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