Cryptocurrency Analyst Warns of Potential Bitcoin Downside Following Halving, Citing 'Danger Zone'.

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Cryptocurrency Analyst Warns of Potential Bitcoin Downside Following Halving, Citing 'Danger Zone'. - NewsBTC

Quick Summary:

This price fall underscores BTC’s negative performance in the last month in which it has lost 11.16% of its market value. BTC trades at $63,023 on the daily chart | Source: BTCUSD chart on Tradingview.com Related Reading: Forbes Unveils 20 Crypto Zombies,’ Declares Ripple And XRP Among The Undead Bitcoin ETFs Record Minor Inflow; Net Outflows Hit $217 Million According to data from SoSoValue, the Bitcoin Spot ETF market recorded net outflows to the tune of $217 million on April 25.

In an X post on April 26, Rekt Capital stated that Bitcoin has now entered the Post-Halving "Danger Zone.” The analyst described this phenomenon as a period during which Bitcoin has historically experienced price corrections after the halving event.

During this time, the token’s price declined by 11%. The analyst postulates that Bitcoin is now in the Post-Halving "Danger Zone” of the current bull cycle following its price fall over the last two days.