Important update: Bitcoin's price is currently increasing. Based on the charts, it might reach $71,000 within the next two days. If it reaches $71,000 again, it could indicate that it will likely continue to rise to somewhere between $73,000 and $78,000.However, historically, there tends to be a drop in Bitcoin's price, ranging from approximately 5% to 23%, about 4 to 7 days before the halving event. This pattern was observed during previous halving events: the first halving on November 28, 2012, saw a 5% drop between November 24th and 28th; the second halving on July 9, 2016, experienced a 14% drop from July 3rd to 9th; and the third halving on May 11, 2020, also followed a similar trend. The question remains whether Bitcoin will repeat this historical pattern.
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#Will Bitcoin eco-tokens surge amid the upcoming halving?
Important update: Bitcoin's price is currently increasing. Based on the charts, it might reach $71,000 within the next two days. If it reaches $71,000 again, it could indicate that it will likely continue to rise to somewhere between $73,000 and $78,000.However, historically, there tends to be a drop in Bitcoin's price, ranging from approximately 5% to 23%, about 4 to 7 days before the halving event. This pattern was observed during previous halving events: the first halving on November 28, 2012, saw a 5% drop between November 24th and 28th; the second halving on July 9, 2016, experienced a 14% drop from July 3rd to 9th; and the third halving on May 11, 2020, also followed a similar trend. The question remains whether Bitcoin will repeat this historical pattern.