Bitcoin Has Officially Left the ‘Danger Zone’ As BTC Starts Week in the Green, According to Crypto Analyst

Bitcoin Has Officially Left the ‘Danger Zone’ As BTC Starts Week in the Green, According to Crypto Analyst


A closely followed crypto analyst believes Bitcoin (BTC) is entering into a bullish reversal phase after a post-halving correction.

The pseudonymous analyst known as Rekt Capital tells his 466,400 followers on the social media platform X that Bitcoin seems to be following a 2016 cycle pattern when Bitcoin dipped after the halving event – during the so-called ‘danger zone’ – and then soared to new all-time highs (ATHs).

He says Bitcoin now appears to have exited the historic correction period on the weekly chart after April’s halving event when miners’ rewards were cut in half.

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“The post-halving Bitcoin ‘danger zone’ (purple) is officially over. And Bitcoin is celebrating with a good bounce from the re-accumulation range low support.”

Source: Rekt Capital/X

The analyst believes that

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