BTC meets 'post-halving decline' criteria...with two days left to end danger zone
“Bitcoin is two days away from exiting its post-halving ‘danger zone’,” Cointelegraph reports, citing multiple analysts. An unnamed crypto trader at Rekt Capital said: “BTC has tended to fall for weeks after halving, with two days left in the danger zone. Even after this halving, BTC touched the bottom of the reaccumulation range, which fulfills the 'post-halving decline' condition.”
Another crypto analyst, Skew, said: “Monthly buying has been exiting since the start of May. A break above the $60,800-$61,000 level will be required to break the downtrend.” Meanwhile, the analysts' timeframe for the end of the risk-off period is Monday to Tuesday. BTC is trading at $61,590.01 on CoinMarketCap.
