Crypto bull run pauses as Bitcoin enters pre-halving danger zone

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“In 2016, the PreHalving Retrace was -40% deep and began 28 days before the halving,” he added. “This retrace lasted 8 weeks in total before Bitcoin broke out into a parabolic uptrend. Currently, $BTC is approximately 29 days away from the halving and has pulled back -11% last week.” Altcoins largely followed Bitcoin’s lead lower on Monday as the vast majority of tokens in the top 200 recorded losses.

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