Bitcoin is finally emerging from the "danger zone"! Is it time for the Bull Run?

The storm seems to have passed for Bitcoin according to Rekt Capital! Several experts agree that the crypto queen has just emerged from the dreaded “danger zone,” which typically follows the halving. With a price below $65,000, the path towards new peaks could well open up from now on.

The Storm Has Calmed for Bitcoin

What, then, is this “danger zone” that Bitcoin has finally extricated itself from? It is a three-week window following the halving, historically conducive to marked bearish volatility under the threshold of reaccumulation. However, this time, not only did Bitcoin indeed produce a sharp correction after the quadrennial event, but it has also managed to vigorously maintain itself at the $60,000 level.

In other words, the usually long-lasting bearish effect during this period seems to have fizzled out this time around! A clear reaccumulation that, as the calendar dictates, would indeed mark the end of this traditionally unstable volatile episode for the prices.

Appetite Returns for the Crypto Queen

If technically the winds are calming for Bitcoin, it is also because the appetite for the crypto queen seems to be coming back strongly among investors.

According to Willy Woo, this bearish trend towards capitulation seems to be over. The famous strategist even observes a potential for upside that is still largely under-exploited on the key VWAP indicator. Perspectives corroborated by the fear index which has definitely turned to greed in recent days.

Another strong signal? The powerful comeback of capital inflows into Bitcoin ETFs after a long period of outflows. With a record gain of $378 million in a single day, institutional investors are demonstrating a feverish regained confidence in this asset class.

After weeks of turmoil, Bitcoin seems ready to resume a more stable and ascending course. Anchored at the key $60,000 level, the king digital asset is said to have conquered the traditional post-halving slump. With this almost sanitized backdrop, eyes are now turning towards an upcoming price surge beyond $70,000.