The Post-Halving Period: A Critical Test for Bitcoin (BTC) The highly anticipated Bitcoin halving event in May 2020 was met with mixed reactions from the crypto community. While some expected a significant price surge, others predicted a prolonged period of consolidation and volatility. As usual, Bitcoin (BTC) proved to be a wild card, but ultimately managed to weather through its post-halving “danger zone.” X: Bitcoin’s Post-Halving Performance One of the most prominent crypto analysts, Rekt Capital, shared his insights on X (formerly Twitter) regarding Bitcoin’s post-halving performance. He noted that Bitcoin’s price action has been closely following a trendline since its previous halving event in 2016, and the recent surge above this trendline signifies a bullish breakout. According to Rekt Capital, this breakout is a significant milestone for Bitcoin and the entire crypto market. It signals a shift in momentum and a potential start of a new bullish cycle. As Bitcoin (BTC) con...
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