The historical $BTC chart clearly shows a pattern: 1-2 months before a halving, Bitcoin has consistently corrected by up to -60% from its peak, only to rebound just as quickly by the halving day.
Given additional data indicating that Bitcoin corrected by an average of 20% in 2023, the recent 17% peak drawdown was an expected decline ahead of the upcoming active bull run.
The key takeaway is that this local dip might be the last good opportunity to enter crypto at favorable prices before the bull run enters its active phase. However, no one can predict exactly when the correction will end, so it’s better to invest in portions. This way, you’ll achieve the best possible average entry point.
30 days left until the halving⏳