Bitcoin Price Primed for New Highs Ahead of April Halving Event
• Bitcoin tends to rally 30%+ in the 8 weeks before halving events, per past data from 10X Research
• Bitcoin's next halving event is on April 19, reducing mining rewards from 6.5 to 3.25 BTC
• Bitcoin's daily RSI recently crossed above 80, a level that has preceded 60-day gains over 50% historically
• Current BTC price is $52K. With typical pre-halving 30% gains, prices could reach ~$69K record high
• Macro environment (economic growth, weak dollar) seems supportive of further risk-taking in markets