Analyst Warns Bitcoin Could See 40% Price Drop Around 2024 Halving
• Crypto analyst Rekt Capital warns Bitcoin could crash 40% near 2024 halving event, similar to 2016 price pattern • Decline could take Bitcoin from current $37K price down to around $22.5K • Next Bitcoin halving expected in April 2024 when miner rewards cut in half • Pre-halving rally followed by 40% crash occurred in 2016 Bitcoin price cycle • Even with crash, 2024 halving could offer discount on Bitcoin before next bull run