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#bitcoin #crypto #cryptocurrencies
Is this pullback the Pre-Halving Retrace already? Bitcoin has historically experienced a strong retrace around the time of its Halving event. Why? One explanation could be that short-term traders are buying the hype and trying to sell the news, in anticipation of quick short-term profit. The market corrects for this psychology around the Halving when people try to capitalise on gains and lock in a Return on Investment. But what these traders don't realise is that the Pre-Halving retrace is a crucial re-accumulation point and the biggest return on investment will be generated by holding Bitcoin for many months after the Halving.

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