BTC briefly rebounds to over $70K, hinting at a potential bull run ahead of the Bitcoin halving event, which historically leads to significant price rallies.
Historically, the halving has been a precursor of a massive rally for the biggest cryptocurrency and the entire market. The next such event is slated to take place later this month.“BTC is only 2 weeks away from the halving. This is the first time the price has hit a new ATH before the halving and is currently consolidating near the ATH with one of the highest monthly close ever,” the analyst noted.a strategy that may lead to substantial investor profits.
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