Bitcoin is finally out of the “danger zone”! The appetite returns for the crypto queen

Rekt Capital claims that the Bitcoin tempest appears to have passed! Numerous analysts concur that the crypto queen has recently emerged, usually after the halving, from the infamous "danger zone." If the price drops below $65,000, there may be an opportunity to reach new highs right now.

What then is this "dangerous zone" that Bitcoin is at last pulling itself out of? This three-week period after the halving has traditionally been favourable for significant declines in volatility below the reaccumulation threshold.

This time, though, Bitcoin not only saw a significant fall following the quadrennial event, but it also successfully maintained its position at $60,000 levels.

Put another way, it appears that this time around the bearish effect that generally lasts over this period has faded! A certain reaccumulation that would, according to the calendar, signal the conclusion of this tumultuous period that is customarily unstable for prices.

Analysts feel that Bitcoin has achieved a significant milestone by persistently staying below $60,000 following a period of volatility.

If technical conditions are improving for Bitcoin, it's partly because investors' demand for the cryptocurrency queen appears to be reviving with a fury.

This downward trend towards capitulation appears to be ending for Willy Woo. On the crucial VWAP indicator, the well-known strategist even notes an upward potential that is currently mainly underutilised. Prospects supported by the fear index, which, to be honest, has been trending towards greed lately.

One more powerful signal? the robust recovery of capital inflows into Bitcoin ETFs following an extended period of depletion. Institutional investors have a furious increased trust in this asset class after posting a record-breaking 378 million gain in a single day.

Bitcoin appears poised to resume its more steady and upward trajectory following many weeks of unrest. Had the king digital asset been secured at the crucial level of $60,000., it would have survived the customary post-halving decline. Upon seeing this nearly tidy décor, thoughts are now shifting to a potential price increase above $70,000 in the future.

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