Historical cycle data suggests Bitcoin has left the ‘danger zone’ — Analyst
Following a 23% correction, Bitcoin may have just entered a post-halving reaccumulation zone, according to one analyst.
Bitcoin (BTC) may have escaped the post-halving “danger zone” — and is now headed for reaccumulation, according to a crypto analyst citing historical data.
On May 13, crypto market analyst “Rekt Capital” posted an update to his Bitcoin market cycle chart on X declaring that the “danger zone” when the asset corrects after the halving event is now over.
Bitcoin is celebrating with a “good bounce from the re-accumulation range low support,” he added.
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Author: Martin Young
