{"id":261096,"date":"2024-03-08T03:47:32","date_gmt":"2024-03-07T22:17:32","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=261096"},"modified":"2024-03-08T03:47:32","modified_gmt":"2024-03-07T22:17:32","slug":"bitcoin-firmly-in-the-pre-halving-rally-phase-according-to-analyst-but-theres-a-catch-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-firmly-in-the-pre-halving-rally-phase-according-to-analyst-but-theres-a-catch-crypto-news\/","title":{"rendered":"Bitcoin Firmly in the Pre-Halving Rally Phase, According to Analyst \u2013 But There\u2019s a Catch &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>A closely followed crypto analyst says that Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\/\">BTC<\/a>) is currently decisively in the midst of its pre-halving rally.<\/p>\n<p>Pseudonymous crypto strategist Rekt Capital <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1765342915063156866\">tells<\/a> his 410,900 followers on the social media platform X that despite this, the top crypto asset by market cap could still see some dips along the way.<\/p>\n<p><em>\u201cBitcoin is still firmly in its pre-halving rally phase but as is the case with pre-halving rallies \u2013 dips can happen. Bitcoin briefly dipped -14% yesterday. The best we can hope for are these dips, but be careful what you wish for \u2013 dips do happen.\u201d<\/em><\/p>\n<figure id=\"attachment_190710\" aria-describedby=\"caption-attachment-190710\" style=\"width: 1063px\" class=\"wp-caption alignnone\"><figcaption id=\"caption-attachment-190710\" class=\"wp-caption-text\">Source: Rekt Capital\/X<\/figcaption><\/figure>\n<p>The trader\u2019s chart indicates that during the 2020 cycle, Bitcoin went through a post-halving slump before going parabolic \u2013 something that he predicts will happen again this year.<\/p>\n<p>BTC\u2019s next halving event is slated for April and will see miners\u2019 rewards cut in half. The crypto king is trading for $67,200 at time of writing, a fractional increase during the last 24 hours.<\/p>\n<p>Moving on to dog-themed digital asset Dogecoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/dogecoin\">DOGE<\/a>), Rekt Capital <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1765343761918214594\">says<\/a> that the popular memecoin has confirmed a new macro uptrend after successfully retesting its support level.<\/p>\n<p><em>\u201cDOGE has successfully retested the macro downtrend as new support. A successful retest after just breaking a macro downtrend means that a new macro uptrend has been fully confirmed.\u201d<\/em><\/p>\n<figure id=\"attachment_190710\" aria-describedby=\"caption-attachment-190710\" style=\"width: 1063px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GH_CnoZXEAAid0S?format=jpg&amp;name=large\" alt=\"GH_CnoZXEAAid0S\" width=\"1063\" height=\"499\" \/><figcaption id=\"caption-attachment-190710\" class=\"wp-caption-text\">Source: Rekt Capital\/X<\/figcaption><\/figure>\n<p>The trader\u2019s chart shows that Dogecoin could shoot past the $0.20 price tag before June. DOGE is trading for $0.153 at time of writing, a 2.5% increase during the last day.<\/p>\n<p><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Check <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Follow us on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">Twitter<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\">Facebook<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Surf <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&amp;nbsp<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\" \/><\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt\"><em>Generated Image: DALLE3<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A closely followed crypto analyst says that Bitcoin (BTC) is currently decisively in the midst of its pre-halving rally. Pseudonymous crypto strategist Rekt Capital tells his 410,900 followers on the social media platform X that despite this, the top crypto asset by market cap could still see some dips along the way. \u201cBitcoin is still [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":200466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-261096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/261096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=261096"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/261096\/revisions"}],"predecessor-version":[{"id":261098,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/261096\/revisions\/261098"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/200466"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=261096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=261096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=261096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}