As the 2024 Bitcoin halving approaches, Bitcoin (BTC) is struggling to hold above $63,000, and the price is expected to drop even further in what is termed a “correction.”
Crypto analyst Michael van de Poppe took to X to state that the current consolidation is a case of “peaking pre-halving,” and there is still time for Bitcoin to hit a new all-time high.
Bitcoin has experienced nearly a 2.6% price drop over the past week and 4% in the last fortnight. According to Van de Poppe, this could be due to the upcoming halving event.
He said that like every other cycle, we are yet to…
