Bitcoin

April

Rekt (rektarb.xyz)

Time

Rekt

<div class="finbold">
 <p class="paragraph">Following the recent Bitcoin (BTC)&nbsp; <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a>, the cryptocurrency landscape is focused on the asset’s future price trajectory.&nbsp;</p>
 <p class="paragraph">As Bitcoin struggles to maintain its pre-<a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> stability above $65,000, investors and analysts are keenly observing its price behavior for clues about what lies ahead.</p>
 <p class="paragraph">In an X (formerly Twitter) post on April 26, crypto analyst <em>Rekt Capital</em> raised concerns about a potential “Danger Zone” following Bitcoin’s recent <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> event.&nbsp;</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Biden's tax plan: Boom or Bust for investors? <span class="self-center text-xs text-slate-500">1 hour ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Short squeeze alert for next week: Two cryptocurrencies with potential to skyrocket <span class="self-center text-xs text-slate-500">3 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    ‘Epic Sat’: Bitcoin <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a>’s rare BTC unit sells for $2.1 million <span class="self-center text-xs text-slate-500">4 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    BNY Mellon: World'sWorld's largest custodian bank reports exposure to BTC <span class="self-center text-xs text-slate-500">4 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">The concept of the ‘Danger Zone’ draws from patterns observed in previous cycles, such as in 2016, when Bitcoin’s price dropped approximately 11% about 21 days after the <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a>. Currently, only six days post-<a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a>, the market is braced for similar turbulence, potentially culminating around day 15.</p>
 <p class="paragraph">According to him, the ‘Danger Zone’ is pivotal not only for its potential for price dips but also as a setup for what might follow—an extended ‘Re-Accumulation Range.’ Historical data suggests that after the initial drop, Bitcoin often enters a consolidation phase lasting up to 150 days. This period is crucial for stabilizing the market and setting the stage for the next bullish breakout, anticipated around September 2024.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="718" src="https://cdn.thebittimes.com/images/2024/04/27/998243b8000c1bec642ca55cf73865a0.webp" alt class="wp-image-172050" srcset="https://cdn.thebittimes.com/images/2024/04/27/998243b8000c1bec642ca55cf73865a0.webp 1024w, https://cdn.thebittimes.com/images/2024/04/27/998243b8000c1bec642ca55cf73865a0.webp 300w, https://cdn.thebittimes.com/images/2024/04/27/998243b8000c1bec642ca55cf73865a0.webp 768w, https://cdn.thebittimes.com/images/2024/04/27/998243b8000c1bec642ca55cf73865a0.webp 1152w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Bitcoin price analysis chart. Source: TradingView/Rekt Capital</em> <br>
  </figcaption>
 </figure>
 <p class="paragraph">BTC price analysis</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph"></p>
  <p class="paragraph">But how long would an ideal Re-Accumulation Range last? When Bitcoin reached a new All Time High in mid-March, this meant that Bitcoin was accelerating in its cycle by 260 days.</p>
  <p class="paragraph">But since Bitcoin has consolidated for over the past 49 days, this acceleration has now dropped to 210-days or so. If Bitcoin were to repeat history and consolidate in this Re-Accumulation Range for a total of 150 days after the Halving…This would still mean that Bitcoin is accelerating in this current cycle but to a lesser extent and only by 60 days</p> <cite>-Rekt Capital</cite>
 </blockquote>
 <h2 class="wp-block-heading" id="h-btc-price-analysis">BTC price analysis</h2>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="585" src="https://cdn.thebittimes.com/images/2024/04/27/12894d80b84685b2ecddab1a003d18f5.webp" alt class="wp-image-172051" srcset="https://cdn.thebittimes.com/images/2024/04/27/12894d80b84685b2ecddab1a003d18f5.webp 1024w, https://cdn.thebittimes.com/images/2024/04/27/12894d80b84685b2ecddab1a003d18f5.webp 300w, https://cdn.thebittimes.com/images/2024/04/27/12894d80b84685b2ecddab1a003d18f5.webp 768w, https://cdn.thebittimes.com/images/2024/04/27/12894d80b84685b2ecddab1a003d18f5.webp 1310w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>BTCUSD 5 day analysis. Source.TradingView</em> <br>
  </figcaption>
 </figure>
 <p class="paragraph">Over the past five trading days, BTC has exhibited typical cryptocurrency volatility, with both upward and downward movements. The Relative Strength Index (RSI) has remained in neutral territory, fluctuating between 47 and 63, which indicates balanced market sentiment, with the highest RSI value on April 22nd nearing the overbought threshold at 63.&nbsp;</p>
 <p class="paragraph">The market’s price action has been confined within a defined range, establishing support around the $63,500 mark and resistance at approximately $67,200. These boundaries underscore a consolidation phase where the price oscillates without a clear directional breakout.</p>
 <p class="paragraph">Furthermore, significant whale activities have influenced the cryptocurrency market, with substantial movements of Bitcoin. This coincides with recent U.S. economic data indicating rising inflation and slowing GDP growth, adding to market uncertainty.</p>
 <p class="paragraph">Despite these bearish signals, the community is closely watching for any events that could quickly alter price trajectories.</p>
 <p class="paragraph">&nbsp;For investors and traders, the coming weeks will be critical. The ability of Bitcoin to hold above key support levels, especially around the $60,600 mark, will provide valuable insights into its resilience and potential for recovery.</p>
 <p class="paragraph">Monitoring these trends will be essential for anyone looking to understand Bitcoin’s post-<a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> behavior, particularly as the “Danger Zone” unfolds.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-in-post-halving-danger-zone-here-s-what-it-means-for-btc-tbt86702.html">https://thebittimes.com/bitcoin-in-post-halving-danger-zone-here-s-what-it-means-for-btc-tbt86702.html</a></p>

Bitcoin in ‘post-halving danger zone’; Here’s what it means for BTC

Table of Contents

TheBitTimes

Other articles published on Apr 26, 2024

Altcoins That Could Deliver Life-Changing Returns

AI-Driven Drug Discovery by Pfizer and Austrian Institute Set to Transform Healthcare

FB & Btok 1000U FB Giveaway, FCFS！

Top 5 New Crypto Presales of 2024 with 100x Gains Potential – DOGEVERSE, 99BTC, DICE, SLOTH, and TUK

AIDOGE Price Prediction: Can Buyers Dominate the Battle Ahead?

Bitcoin Runes DOG Enters Top 10 Memecoins: What’s Ahead in Phase 2?

Join our free newsletter for daily crypto updates!