The recent surge in Bitcoin's price, surpassing $65,000 on May 6 with a peak at $63,712, has led analysts to suggest that the post-halving "danger zone" may be a thing of the past, hinting at potential future gains.

The term "danger zone" denotes a period of three weeks following the halving event, historically marked by price volatility below a specific range. Rekt Capital, a well-known crypto analyst, mentioned in a post on May 6 that although the danger zone could technically extend until the end of the week, the expected impact on the price has already manifested.

Drawing parallels to the 2016 bull run, where Bitcoin saw an 11% drop 21 days post-halving, this cycle witnessed a 6% drop below the range 15 days after the halving, followed by a strong recovery.

Another analyst, Willy Woo, predicts an increase in Bitcoin's price based on the volume-weighted average price (VWAP), pointing towards a potential significant surge. He highlighted a bullish divergence that indicates room for further price appreciation.

Outflows from multiple United States spot Bitcoin ETFs contributed to Bitcoin's recent correction, with around $900 million in net outflows over the past week, the highest since their inception. Moreover, long-term holders at a $70,000 price level have halted selling to new investors, potentially marking the beginning of a phase of active accumulation.

The insights shared by various analysts suggest a positive outlook for Bitcoin's future price movements, indicating an optimistic sentiment among market participants.