) may have escaped the post-halving “danger zone” — and is now headed for reaccumulation, according to a crypto analyst citing historical data.an update to his Bitcoin market cycle chart on X declaring that the “danger zone” when the asset corrects after theThe periods of pre and post-halving “danger zones” have occurred in previous market cycles when the asset retreats on either side of a halving event.
In this cycle, BTC fell 23% from its peak price in mid-March to $56,800 on May 1 marking the potential bottom of the post-halving danger zone period.that if $56,000 was not the bottom, “then this current pullback will have officially equaled the longest retrace in this cycle at 63 days.”BTC has now recovered to trade back above $63,000 at the time of writing, supporting the return to the re-accumulation zone analysis.
However, historical cycle movements aren’t always indicative of future ones, and further pullbacks during the period of sideways chop that often follows the halving could still be on the cards.“Bitcoin is showing early-stage signs of slowing down in its sell-side momentum, slowly developing a curl against the ~$60,000 support,”
This level needs to hold as it has been doing so far for it to eventually lift up again which could result in a move back to $68,000, he added.“Macro Summer and Fall are driven by the global liquidity cycle,” with crypto performing particularly well in what he termed a “banana zone” in the latter half of the year when prices of these high risk assets surge.that a period of sideways trading and accumulation is likely to occur before markets start moving again later this year.
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