Analyst: Bitcoin has emerged from the "danger zone" after the halving and entered the accumulation phase

ChainCatcher news, according to Cryptonews, technical analyst Rekt Capital stated that Bitcoin has emerged from the "danger zone" after the halving and entered an accumulation phase, as indicated by the weakening selling pressure.

After previous halving events, Bitcoin typically experiences increased volatility, referred to as the "danger zone." In the current cycle, Bitcoin's price gently declined by 6.5% over three weeks, followed by a 15% surge, marking a strong exit from the danger zone.

Rekt Capital added, "The danger zone after Bitcoin's halving is officially over, and Bitcoin is celebrating a strong rebound from the support level of the re-accumulation range."