Rekt Capital: The "danger zone" during asset correction after the halving event has now ended
Anonymous cryptocurrency trader Rekt Capital has released an update on the Bitcoin market cycle chart on X, claiming that the "danger zone" during asset correction after the halving event has now ended. Rekt added that Bitcoin is celebrating a good rebound from the low support level of the re-accumulation range. In previous market cycles, there have been periods of "danger zones" before and after halving, where assets retreated on both sides of the halving event.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Multiple tokens experience a surge followed by a pullback, EGLD hits a new weekly low
Analysis: Ethereum has held its support level, Bitcoin is expected to rebound to $100,000
An Ethereum OG address deposited 18,000 $ETH worth $54.78 million to an exchange.