Bitcoin has almost completed its prime BTC price drawdown phase after April’s halving, the latest analysis confirms.
Bitcoin (BTC) challenged $60,000 support into the May 10 daily close as the classic post-halving “danger zone” spooked bulls.
Data from Cointelegraph Markets Pro and TradingView showed intraday BTC price lows of $60,190 on Bitstamp.
A sudden drop foiled attempts to hold levels around $63,000, with explanations mixed as to the impetus behind it.
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Source: https://cointelegraph.com/news/bitcoin-halving-danger-zone-2-days-btc-price-retesting-60k