Latest analysis shows that the decline in Bitcoin's price after the halving in April is almost over.

Bitcoin's price continues to fluctuate after the halving and is currently

It stands at $60,890. BTC is once again testing the support at the $60,000 level at the end of the week.

BTC price holds above $60,000!


Data from TradingView showed that BTC price fell as low as $60,190.


There was a sudden decline that led to a break of the upper support near $63,000.

Popular trader Skew stated the following in his latest market analysis:

"The monthly baseline has been lost again and the monthly purchases have not materialized. If the bulls want to move up and break this downtrend, now is the time to act."

he said.

"Particularly the critical $60,800 - $61,000 thousand range will be decisive for the bulls to take action."

BTC/USDT liquidity chart. Source: Material Indicators/X

In the comment made by Material Indicators, it was claimed that large volume institutional investors may be active in the market.

An X post by Material included the following statement:

"While the BTC ETF market is closed, some institutional investors may not want Bitcoin to rise over the weekend," it was commented.

Referring to the order block around $62,500 on the Binance exchange, experts said:

"We wouldn't be surprised if this sell wall acts to pull the price down. We wouldn't be surprised if we see a correction after the close of the W candle on Sunday."

The danger zone is about to end!

Famous analyst Rekt Capital updated his views on last month's halving BTC price movement.

According to the analyst, BTC showed a downward trend in the weeks following the halving and this “danger zone” is now ending.

At the end of April, Rekt Capital predicted a major decline for Bitcoin over a two-week period, with prices eventually falling below $56,500, hitting a two-month low.

"Bitcoin had a really bad decline below the Reaccumulation Range Low, as in 2016. So, in terms of price, the Post-Hallowing 'Danger Zone' is now over," he said.

But in terms of time, 'Danger Zone' will officially end in 2 days.

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