Examining if Bitcoin’s price will slide to $58K post-halving

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The wait is coming to an end as Bitcoin [BTC] will undergo its fourth halving in just a few hours, but BTC might remain bearish

Market indicators and metrics hinted at a continued price decline.The importance of this process has given rise to multiple speculations related to how the king of crypto’s price might react in the near term.Bitcoin halving is happening soon

Bitcoin’s Fear and Greed Index’s value was also dropping as it was getting closer to the neural mark. This also suggested a few slow-moving days. At press time, the indicator had a value of 57.AMBCrypto then checked other datasets to see whether bears would exert more pressure.

 

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