---
title: "Pre-Halving Dip Completed? Bitcoin’s Price Tested $44K"
url: https://diffcoin.com/pre-halving-dip-completed-bitcoins-price-tested-44k/
description: "The window before the Bitcoin halving when markets have historically corrected is closing according to analysts."
published: 2024-01-30
updated: 2024-01-30
author: "Mila"
site: "Diffcoin"
---

# Pre-Halving Dip Completed? Bitcoin’s Price Tested $44K

Bitcoin market price movements have historically followed similar patterns leading up to the four-year halving event.

There is usually a mid-cycle top, then a pullback of as much as 30% before the halving and the next bull cycle.

On Jan. 30, crypto analyst “Rekt Capital” said that the pre-halving period where pullbacks tend to occur is ending in two weeks.

> “Only two weeks left for any downside before the Pre-Halving rally period begins.”
> 
> > [#BTC](https://twitter.com/hashtag/BTC?src=hash&ref_src=twsrc%5Etfw)
> > 
> > Time is running out
> > 
> > The Pre-Halving period (orange) where pullbacks tend to occur is ending in two weeks
> > 
> > Only two weeks left for any downside before the Pre-Halving rally period begins (light blue)[$BTC](https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw) [#Crypto](https://twitter.com/hashtag/Crypto?src=hash&ref_src=twsrc%5Etfw) [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw) [pic.twitter.com/stREAAXJ2X](https://t.co/stREAAXJ2X)
> > 
> > — Rekt Capital (@rektcapital) [January 29, 2024](https://twitter.com/rektcapital/status/1752036703865311665?ref_src=twsrc%5Etfw)

## Pre-Halving Dip Dwindling

The halving is less than three months away now, and it is predicted to occur around April 22.

A similar pre-halving retrace occurred in early 2020 when BTC was trading at around $9,500. Additionally, that year had the pandemic-induced black swan event in March, which is unlikely to play out in this cycle (unless something cataclysmic occurs in the next couple of months).

Analysts had predicted a correction to between $34,000 and $36,000 as the ETF hype dwindled, but the asset only remained sub-$40K for a few days last week.

The analyst also [posted](https://twitter.com/rektcapital/status/1752036970811830421) five phases of the Bitcoin halving. These included a pre-halving period of 126 days followed by a 63-day pre-halving rally, then a 77-day pre-halving retrace where we currently are.

A 147-day accumulation period comes around, or after the halving, then there is a parabolic uptrend that can last a year.

There have been many price predictions post-halving, with one of the more recent ones from SkyBridge Capital founder Anthony Scaramucci, who said that BTC will reach $170,000.

Meanwhile, Dragonfly managing partner ‘Haseeb’ observed that retail has yet to enter the fray. He based this assumption on Coinbase app popularity which is way down compared to previous cycle highs.

> Retail mania is still a ways out.
> 
> My favorite metric is Coinbase—its iOS app currently ranks 40th within Finance.
> 
> In 2021, it was continuously ranked #1 in Finance, and on several days, was #1 across the entire App Store.
> 
> When retail shows up this cycle, I expect fresh ATHs. [pic.twitter.com/pw0L8Xr3DJ](https://t.co/pw0L8Xr3DJ)
> 
> — Haseeb ＞|＜ (@hosseeb) [January 30, 2024](https://twitter.com/hosseeb/status/1752132871412998395?ref_src=twsrc%5Etfw)

## BTC Price Outlook

Bitcoin prices are up 3% on the day at $43,422 at the time of writing. The asset hit an intraday high of $43,730 during the Tuesday morning Asian trading session.

Moreover, Bitcoin has made 9% since its post-ETF launch dip below $39K, and it is now eyeing resistance just over $44,000.

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[Source link](https://cryptopotato.com/pre-halving-dip-completed-bitcoins-price-tested-44k/)