Bitcoin's price has surpassed $65,000, signaling that the post-halving 'danger zone' may be over, with potential for more upside. Analysts suggest that historical data and indicators such as the Crypto Fear & Greed Index and the volume-weighted average price (VWAP) point towards bullish momentum for Bitcoin. Long-term holders seem to have finished selling at the $70,000 mark, possibly paving the way for a new accumulation phase. However, short-term concerns over inflation and interest rate cuts may lead to consolidation before a potential rally towards $100,000 by the end of 2024.
Keyword: Bitcoin price, post-halving danger zone, Crypto Fear & Greed Index, volume-weighted average price (VWAP), long-term holders accumulation, interest rates, ETFs, Bitcoin rally
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Last edited on: May 7, 2024 at 06:45 pm