Bitcoin Price Dips Ahead of Weekend Halving Event, But 2020 Trends Suggest Potential Growth Phase Post-Halving

• Bitcoin is trading under $63,000 ahead of this weekend's halving event, when miner rewards will be cut from 6.25 BTC to 3.125 BTC per block • Bitfinex report says to look at 2020 halving data - BTC price rose to new highs in 2021 after last halving • Pattern suggests we may be entering a similar growth phase post-halving • Long-term BTC holders are moving coins to cold storage in anticipation of a price rise • After previous halvings, BTC price has gone up, although not immediately (rose to $69k in 2021 after 2020 halving)