Bitcoin Faces Potential Price Volatility and Accumulation Phase Ahead of 2024 Halving
- Bitcoin could follow 2015 pre-halving pattern and enter months-long accumulation phase
- Worst-case scenario is Bitcoin dropping 42% to $20k before 2024 halving
- Analyst warns Bitcoin historically becomes volatile when hitting new yearly highs
- Deeper Bitcoin retrace below $25k possible in next 5 months before halving
- Bitcoin currently trading around $34,520 at time of writing