{"id":13266,"date":"2024-05-06T18:38:35","date_gmt":"2024-05-06T15:38:35","guid":{"rendered":"https:\/\/forklog.com\/en\/analyst-declares-end-of-post-halving-danger-zone\/"},"modified":"2024-05-06T18:38:35","modified_gmt":"2024-05-06T15:38:35","slug":"analyst-declares-end-of-post-halving-danger-zone","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/analyst-declares-end-of-post-halving-danger-zone\/","title":{"rendered":"Analyst Declares End of Post-Halving &#8216;Danger Zone&#8217;"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-keypoints article_keypoints\">\n<ul class=\"wp-block-list\">\n<li>Rekt Capital believes Bitcoin has reached a local bottom at $57,000 and entered an accumulation phase.<\/li>\n<li>The expert also noted the growth of the altcoin sector and a trend reversal for DOGE.<\/li>\n<\/ul>\n<\/div>\n<p>Trader and analyst Rekt Capital announced that the leading cryptocurrency has exited the post-halving &#8216;danger zone&#8217; and entered a phase of re-accumulation.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> <\/p>\n<p>It&#8217;s phenomenal to see Bitcoin repeat a historical price tendency from a cycle that occurred 8 years ago<a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/t.co\/FHKoyDdJQD\">https:\/\/t.co\/FHKoyDdJQD<\/a> <a href=\"https:\/\/t.co\/ibrMUfLlYX\">pic.twitter.com\/ibrMUfLlYX<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1787415495693455526?ref_src=twsrc%5Etfw\">May 6, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the expert, in 2016, after the halving of miner rewards, Bitcoin showed a long red candle on the weekly chart, dropping by 17%.<\/p>\n<p>This time, the pattern repeated, but the correction was only 6%, noted Rekt Capital.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/_eQJjY0v6ubhHxsRoIGDLUxJE6ph5hf58PREmt04Bw0a2gqYbdKfhDb-Qs-WNjIKt0hopYNYteOoVgiHQuzFxH3K4F39g7nuHUEZCA_BTxaBcdQzjk5_QxmYvGCfjp2KUT5O4O8NvAmzpg4bTc47K-Y\" alt=\"Analyst Declares End of Post-Halving 'Danger Zone'\"\/><figcaption class=\"wp-element-caption\">Comparison of Bitcoin cycles in 2016 and 2024. Data: Rekt Capital.<\/figcaption><\/figure>\n<p>The leading cryptocurrency reached a local bottom at around $57,000, then rose by 15% and re-entered the &#8216;re-accumulation range&#8217; (red zone on the chart).<\/p>\n<p>The analyst noted that technically the &#8216;danger zone&#8217; will continue until the end of this week, when the third post-halving seven-day candle closes. However, in terms of price, the &#8216;reverse effect&#8217; has already occurred.<\/p>\n<p>At the time of writing, digital gold is trading at $63,800, with little change in price over the day.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/9k7J8ZMw1kPDd24RjS5uVbtmvxXD9U0CnHk1MawnRawp0JtVtd9w3MR4Z5D_6u_lc43t63dCfhkIrK3bFf_7TEy2qYsagGzkf3xV4V11UYoxidVkg-YBM-yY6UNGlVkY-ezQ4DrAfWBpn_V3gDWlNWI\" alt=\"Analyst Declares End of Post-Halving 'Danger Zone'\"\/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>. <\/figcaption><\/figure>\n<p>MN Trading founder Micha\u00ebl van de Poppe pointed out Bitcoin&#8217;s hold above $60,000 but noted the &#8216;absence of retail investors&#8217;. He predicts that in the event of another correction, the coin will fall to approximately $55,000.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> above $60K and retail isn&#8217;t here. <\/p>\n<p>This range is completely fine as long as <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> holds above $60K.<\/p>\n<p>Altcoins slowly waking up. <a href=\"https:\/\/t.co\/LR7LoGIOig\">pic.twitter.com\/LR7LoGIOig<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1787372779228020828?ref_src=twsrc%5Etfw\">May 6, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This range is completely fine as long as Bitcoin holds above $60,000. Altcoins are slowly waking up,&#8221; he added.<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\">Awakening of Altcoins<\/h2>\n<p>Rekt Capital noted that the OTHERS indicator, which tracks the market capitalization of all cryptocurrencies except the top ten, has successfully tested the $250 billion support level and is preparing to break higher.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24ALTS&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ALTS<\/a> <\/p>\n<p>Altcoin Market Cap has successfully retested the $250bn level as support over the past several weeks and is now showing initial signs of trying to curl up from here<a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/t.co\/lQBbb3XWOP\">https:\/\/t.co\/lQBbb3XWOP<\/a> <a href=\"https:\/\/t.co\/9d9q241NwP\">pic.twitter.com\/9d9q241NwP<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1787411713605734511?ref_src=twsrc%5Etfw\">May 6, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The trader&#8217;s first target is $315 billion, followed by growth to $425 billion. These figures indicate the beginning of activity in the altcoin sector.<\/p>\n<p>Rekt Capital also reported that Dogecoin (DOGE) has overcome a multi-year resistance level at $0.126, which has now turned into support.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24DOGE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$DOGE<\/a> <\/p>\n<p>Dogecoin has just flipped a multi-year resistance into new support<\/p>\n<p>The Macro Downtrend is over<\/p>\n<p>A new Macro Uptrend has officially been confirmed<a href=\"https:\/\/twitter.com\/hashtag\/DOGE?src=hash&#038;ref_src=twsrc%5Etfw\">#DOGE<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/dogecoin?src=hash&#038;ref_src=twsrc%5Etfw\">#dogecoin<\/a> <a href=\"https:\/\/t.co\/oo8nluWEnF\">pic.twitter.com\/oo8nluWEnF<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1787094599661469839?ref_src=twsrc%5Etfw\">May 5, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The macro downtrend is over. A new macro uptrend has officially been confirmed,&#8221; he concluded.<\/p>\n<\/blockquote>\n<p>The analyst&#8217;s chart suggests that the next major targets for the meme token are at $0.20 and $0.278.<\/p>\n<p>At the time of writing, the asset is trading around $0.16, with a market capitalization of <a href=\"https:\/\/www.coingecko.com\/en\/coins\/dogecoin\">$23 billion<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/RlBgoebfjSFgz3Pp3K5fzP_xo8fqMomSWoqrNw8uFVuNi8RZg4hskTu6BdhZbUC_crDMpfWf9MdNRQK4HgNtX4knj_iCe5D7K7tfMbFU1__IYW9yd0UwWeku_gxY4gMyvbdW4BvBMRDYrR-c_pjF3Qk\" alt=\"Analyst Declares End of Post-Halving 'Danger Zone'\"\/><figcaption class=\"wp-element-caption\">15-minute DOGE\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/DOGEUSDT\/\">TradingView<\/a>. <\/figcaption><\/figure>\n<p>Earlier, experts at Santiment <a href=\"https:\/\/u1f987.com\/en\/news\/ethereums-transaction-fee-drop-signals-potential-altcoin-season\">pointed out<\/a> signs of a potential altcoin season, as evidenced by Ethereum&#8217;s transaction fees dropping to a six-month low ($1.12).<\/p>\n<p>Previously, analyst PlanB <a href=\"https:\/\/u1f987.com\/en\/news\/plan-b-predicts-bitcoin-to-reach-300000-by-2025\">predicted<\/a> the start of altcoin growth in the summer, followed by a correction in the third quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rekt Capital believes Bitcoin has reached a local bottom at $57,000 and entered an accumulation phase. The expert also noted the growth of the altcoin sector and a trend reversal for DOGE. Trader and analyst Rekt Capital announced that the leading cryptocurrency has exited the post-halving &#8216;danger zone&#8217; and entered a phase of re-accumulation. #BTC [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[20,18,160,1150,1138],"class_list":["post-13266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-altcoins","tag-bitcoin","tag-halving","tag-news-plus","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/13266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=13266"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/13266\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/13265"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=13266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=13266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=13266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}