Bitcoin’s post-halving “danger zone” is over as Bitcoin establishes a firm footing above the $60,000 reaccumulation range, new analysis suggests.
Bitcoin’s (BTC) price rose above the $65,000 mark on May 6 as analysts argued that the post-halving “danger zone” may be over, with more BTC upside on the way.
Bitcoin’s post-halving danger zone is a three-week window after the halving, historically associated with downside volatility occurring below the reaccumulation range.
With Bitcoin rising above the current reaccumulation range of approximately $60,000, the post-halving danger zone may be over, according to popular crypto analyst Rekt Capital. He wrote in a May 6 post:
