Bitcoin price has historically retraced ahead of previous Bitcoin halvings, but when will it bounce back?
With just a month to go until the Bitcoin (BTC) halving, BTC price has retraced despite fresh capital inflows inducing a new all-time high earlier this month.
Even so, industry figures are largely bullish and tell Cointelegraph the retracement is not yet a cause for concern.
Bitcoin has enjoyed significant price growth in 2024. On Jan. 1, the price of Bitcoin was $42,208. On March 14, Bitcoin hit a new all-time high of $73,737. That high is something BTC has not been able to sustain on the 30-day countdown clock.
