📈 Bitcoin market trend analysis: has broken through the "risk zone"
The latest market data shows that Bitcoin has safely passed the "risk zone" after halving, which is the conclusion drawn by a senior cryptocurrency analyst through in-depth research on historical cycle data.
Market analyst's view
On May 13, the well-known market analyst "Rekt Capital" released his latest Bitcoin market cycle analysis chart on the platform. He clearly pointed out that Bitcoin has passed the "risk zone" after halving and entered a new accumulation phase. This judgment is based on the "strong rebound" he observed from the low support point, showing positive market momentum.
Historical data support
From a historical perspective, Bitcoin usually enters a period of adjustment after experiencing a halving event, which is called the "risk zone" by the industry. However, in this cycle, Bitcoin experienced a 23% correction after reaching a peak in mid-March, and finally stabilized at $56,800 on May 1. This performance is regarded by analysts as a signal of the end of the "risk zone".
Future Trend Forecast
The analyst further pointed out that if $56,800 is confirmed as the bottom of this cycle, the current pullback will become the longest pullback in this cycle, lasting 63 days. Despite this, he remains optimistic about the market, believes that the current support level will remain solid, and predicts that Bitcoin is expected to rise back to the $68,000 level.
Other market views
In addition to the analyst's views, Raoul Pal, founder of Global Macro Investors, also emphasized the impact of the global liquidity cycle on market trends and predicted that high-risk assets such as cryptocurrencies will see significant increases in the second half of the year. In addition, former BitMEX CEO
Arthur Hayes also predicted that the market will experience a period of sideways trading and accumulation before the market regains momentum in the second half of 2024. He specifically pointed out that the liquidity injection of the Federal Reserve's monetary policy may provide impetus for investment in cryptocurrencies and other riskier assets.
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