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A month later, #bitcoin continues to show similarities to the 2016 cycle: as in 2016, this cycle bitcoin has shown additional declines below the lows of the re-accumulation range in the three-week post-halving window (i. e. , the post-halving "danger zone").
Analysts are not shocked by the current price decline, as Rekt Capital has already addressed the concept of the post-halving "danger zone": in the 2016 cycle, approximately 21 days after the halving event, #ScamRiskWarning experienced an 11 percent long-term decline before reversing to the upside.
Specifically, Rekt Capital noted that based on the 2016 history, if downward volatility is seen near the lower end of the reaccumulation range in this cycle, it could occur within 15 days of the halving event. Since the last event ended about 12 days ago, experts' predictions could come true in just a few days.
The post-Halving danger zone ends in 15 days, but according to 2016 data, negative volatility could occur and the low of the USD 60600 range could be reached during that time.
Noting past patterns, Rekt Capital noticed a similar pattern between the 2016 and 2024 re-accumulation ranges prior to Halving. After exiting the re-accumulation range this year, BTC witnessed a rally before Halving, as observed in 2016.
Similar to 2016, bitcoin peaked the rally and then began to retreat. Specifically, in both 2016 and 2024, this occurred about 28 days before the Halving event.
The negative weekly candle shows that in 2016, there was a significant reaction in the first week of the pullback before Halving. However, this reaction was fleeting and preceded a prolonged price decline.
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