Bitcoin has transitioned into an accumulation phase following the recent halving event, escaping the "danger zone" identified after the reduction in supply. This analysis suggests the market is poised for further upward movement.

Technical analyst Rekt Capital suggests that Bitcoin has emerged from the post-halving “danger zone” and entered an accumulation phase, evidenced by diminishing selling pressure. Following previous halving events, Bitcoin typically experienced heightened volatility, leading to its being labelled as the “danger zone.” In the current cycle, Bitcoin’s price dipped by a mild 6.5% over three weeks before experiencing a 15% surge, indicating a robust escape from the danger zone. As per Rekt Capital, the “Post-Halving Bitcoin ‘Danger Zone’” has officially concluded, and Bitcoin is celebrating with a notable rebound from the Re-Accumulation Range Low support level. Currently, Bitcoin trades at approximately $62,600, reflecting a 3% gain in the past 24 hours.In a recent blog post, Rekt Capital emphasizes the significance of the $60,000 support level for the continuation of the upward trajectory, with a potential ascent towards the $68,000 mark. The author suggests that the Bitcoin correction is likely over, and the price should maintain itself above $60,000 in the foreseeable future. While past performance does not guarantee future outcomes, the strength of the current support level is an encouraging indicator for Bitcoin’s trajectory.Investors will closely monitor the release of the April Consumer Price Index (CPI) on Wednesday, which is anticipated to be 3.4% for CPI and 3.6% for core CPI. Inflation remains a concern given that it surpasses the Federal Reserve’s target of 2%. Unless inflation exhibits improvement, interest rates may remain elevated for an extended period.Arthur Hayes, founder of BitMEX, argues that the rising government debt and adjustments made by the Federal Reserve and US Treasury increase the attractiveness of alternative investments like Bitcoin. Hayes foresees Bitcoin’s price exceeding $60,000 and stabilizing within the range of $60,000 to $70,000 by August.Standard Chartered suggests that the outcome of the upcoming US presidential election could influence Bitcoin’s value. The bank believes that a potential victory for Donald Trump might be advantageous for Bitcoin due to potential changes in fiscal and monetary policies. Standard Chartered anticipates Bitcoin’s price reaching $150,000 by year’s end and $200,000 by 2025.Crypto hedge fund Pantera Capital maintains its bullish stance on Bitcoin and forecasts a potential surge in price to $114,000 by August 2025. This forecast emerges amidst industry challenges such as inflation concerns, Federal Reserve interest rate policies, and the escalating Middle East crisis.Utilizing a stock-to-flow model, Pantera Capital assesses the relationship between Bitcoin’s supply and the rate of new production, which halves every four years during halving events. Historical data reveals that Bitcoin’s price has experienced significant increases, sometimes up to 93-fold, in response to these events. Based on this analysis, Pantera Capital concludes that the peak of Bitcoin’s potential surge typically occurs approximately 2.6 years following halving events. Considering this timeframe, the predicted surge is expected to materialize in August next year.