- Crypto Trader observes a retracement pattern 180 days before halving.
- The 2016 spike seems to be greater than the 2020 spike, the 2024 spike could be lesser.
- BTC has made higher lows since the beginning of 2023 and may reach more than $31.5K.
Crypto Trader and Analyst Rekt Capital tweeted that BTC could go through a period of retracement soon. As such, the analyst expects it to retrace by -30% whereby BTC could reach somewhere as low as $20,000.