Bitcoin is approaching a critical phase known as the "danger zone" just before its halving, a time when its price has historically dropped, as stated by an analyst. This period typically sees a decline in Bitcoin's value in the weeks leading up to the halving event. For instance, during the 2016 halving, Bitcoin experienced a 40% drop, and in 2020, it fell by 20%.

Earlier this year, the same analyst predicted a "pre-halving rally" about 60 days before the halving, followed by a pullback one to three weeks before the event. This prediction proved accurate as Bitcoin surged in mid-February and surpassed its previous all-time high in March. The upcoming halving is expected in less than 33 days, with Bitcoin's price already down 8.5% from its recent peak.

Despite the looming risks, leaders in the crypto industry remain optimistic about Bitcoin's future. Binance CEO believes Bitcoin will surpass $80,000 by year-end, citing growing institutional interest and reduced supply. He acknowledges that price fluctuations are inevitable on this upward trajectory.

Similarly, the CEO of Crypto.com views recent price corrections as a healthy adjustment, reducing excessive leverage in the market. He anticipates a gradual increase in Bitcoin's value, emphasizing its long-term investment potential over short-term gains. Both leaders express confidence in Bitcoin's resilience and long-term growth prospects.