Bitcoin is attempting to push higher.
All thanks to a potential pre-halving rally.
As noted by DailyHodl.com, “Historical data suggests that Bitcoin’s price action tends to go through five stages based on its halving, an event when the issuance of new BTC to miners is cut in half. With the next halving slated for April, Rekt Capital believes that Bitcoin is now transitioning from its pre-halving retrace to its pre-halving rally.”
If that’s the case, investors may want to look at mining stocks, like Marathon Digital (MARA) for example. After slipping from about $30 to $16, MARA has been consolidating around $17.50 for a few weeks now. From here, we’d like to see it initially retest $30 shortly.