Bitcoin Faces Risk of 20-40% Price Drop Ahead of May Halving Event, Analyst Warns
- Bitcoin entering "danger zone" where historical pre-halving corrections have occurred
- Corrections before previous halvings were -20% in 2020 and -40% in 2016
- Analyst warns Bitcoin could dip to $40,000 range based on historical cycles
- Even with deep pullback, analyst says it will likely be a blip long-term
- Bitcoin currently trading around $65,600, down 3% in last 24 hours
