Bitcoin risks falling to $ 45,000

On Friday, March 15, bitcoin BTC $98,262.97 Bitcoin -0.39% Market capitalization $1.94 trillion VOL. 24 hours $2.4 billion plummeted by more than 8%. Crypto experts note that the market leader can fall much lower, but still maintain its bull market and historical performance.

Despite the increased volatility of the BTC price around the historical high of 2021, the current bullish trend of bitcoin remains completely intact.

on March 15, in a commentary on the X platform (formerly Twitter), a trader under the pseudonym Bags focused on the future of bitcoin halving. He drew comparisons with previous halving cycles, each of which saw a significant price pullback of almost 40%.

«Currently, -38% of $ 73.5k = $ 45.5k,» he wrote, calculating the potential drop from the recent historical highs of bitcoin.

Rekt Capital, a popular trader and analyst, is also watching the price indicators in connection with the halving. Despite the fact that bitcoin reached a new all -time high before halving in 2024, the analyst suggests that this moment remains a classic case of bull market positioning.

«Technically, bitcoin is still in a rally phase before a half-fall (light blue),» the trader explained. -«However, bitcoin is on the verge of moving from the pre-halving rally phase to the pre-halving recovery phase (orange and dark blue circle).»

In a subsequent post, the analyst warned that BTC/USD would soon enter the riskiest part of the pre-halving phase, which he called the «danger zone.»

«Historically, bitcoin has made a 50% recovery 14−28 days before halving,» Rekt Capital summarized.

As of March 16, according to the CoinMarketCap analytical tracker, the flagship crypto asset was trading at $ 69,096, an increase of 4.83% per day. The total capitalization of coins on the market amounted to $ 1.3 trillion. Traders made daily trading deals worth $ 55.8 billion. BTC’s dominance in the market dropped to 51.5%.