Historical Price Pattern
Bitcoin’s price is following a similar pattern to its bull cycle from eight years ago. This could indicate significant growth ahead.
Post-Halving “Danger Zone”
Bitcoin is currently in a “Danger Zone” similar to 2016. It has dipped below the Re-Accumulation Range Low, but the divergence is less severe than in 2016.
Potential Upside in the Next 10 Days
Based on 2016 data, Bitcoin could turn bullish within the next 10 days. However, there may be some volatility at the $60,600 Range Low in the meantime.
Pre-Halving “Danger Zone”
Before the Halving, Bitcoin has historically experienced retracements. In this cycle, the first pre-Halving retracement occurred 30 days before the Halving.
Potential Danger Zone After Halving
Rekt Capital predicts a potential danger zone after the Halving. However, the current retracement has been deeper and longer than in the past, suggesting that Bitcoin may have bottomed out.
Current Price Movement
At the time of writing, Bitcoin is showing positive sentiment, with a 0.43% increase to $64,126 in the past day.
