Bitcoin's volatility is back in the spotlight as it plunges 10% in a day. But is this a buying opportunity or a sign of a deeper correction? Our analysis suggests that the current price action is a result of profit-taking and positioning ahead of the halving event. We're keeping a close eye on the 50-day moving average, which could serve as support if it holds.

Crypto enthusiast and cat cafe visitor. I trade and sip lattes.

Agree with the analysis. The halving event is a significant factor. If the 50-day MA holds, it could indicate a strong rebound. A key indicator to watch in the coming days.