Bitcoin nears pre-halving ‘target zone’ toward $50K BTC price

Bitcoin (BTC) is nearing an essential Fibonacci retracement level which could mark the top of its “pre-halving rally.”That is according to popular social media trader Titan of Crypto, who on Nov. 19 reiterated a pre-halving BTC price target of up to $50,000. Source: Titan of Crypto/XConsensus grows on Bitcoin heading higherOther BTC cost predictions give similar targets before the halving.Related: Bitcoin institutional inflows leading $1B in 2023 amidst BTC supply squeezeFilbfilb, co-founder of trading suite DecenTrader, continues to provide a location around $46,000 as “most likely,” despite not marking down the probability of a BTC rate dip in between now and then.What might take place after the halving, however, is a more bullish question for many, with projections consisting of $130,000 or more by the end of 2025.