Historical cycle data suggests Bitcoin has left the ‘danger zone
Historical cycle data suggests Bitcoin has left the ‘danger zone
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Bitcoin BTC $61,872
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.
The 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. The analyst added 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.”

However, history suggests that this current pullback ended at $56,000 and 47 days, he opined. 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.