Bitcoin

<ul><li>Bitcoin faces potential declines in the post-halving &#39;Danger Zone,&#39; historically leading to significant price retracements.</li><li>Transaction fees for Bitcoin soared to a record $80M in one day, influenced by the introduction of new elements like Runes.</li><li>Despite market consolidation, analysts predict a breakout from this phase could mark the beginning of Bitcoin&#39;s next bull market.</li></ul>Bitcoin remains a focal point, especially in the aftermath of its latest halving event. Historically, these events have led to significant price fluctuations, and the current cycle appears to be following a similar pattern. Analysts are closely monitoring the market as Bitcoin enters what is known as the &#34;Post-Halving Danger Zone,&#34; a period that could dictate the cryptocurrency&#39;s short-term trajectory.Following the halving, Bitcoin traditionally experiences what traders refer to as the &#34;Danger Zone,&#34; where the price tends to retrace before potentially stabilizing. Rekt Capital, a crypto analyst, <a href="https://x.com/rektcapital/status/1783791636478132368" rel="noopener noreferrer nofollow">highlights</a> that similar trends were observed in 2016.During that cycle, Bitcoin&#39;s price fell by 11% below the range low within three weeks post-halving. Current market conditions suggest a possible repeat, with Bitcoin hovering near the range low once again. Should the price dip further, it is expected to occur within the next two weeks, adding a layer of uncertainty to the investment landscape.<a href="https://cryptotale.org/bitcoin-enters-critical-phase-post-halving-amid-transaction-fee-surge/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Enters Critical Phase Post-Halving Amid Transaction Fee Surge

CryptoTale

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