$BTC has reached its support level of 60,500 and is now aiming for the resistance level at 63,000. Additionally, approximately $156 million worth of long trades have been liquidated, with potential for further shorts #liquidation around 62,500. This presents a favorable moment for short-term trading, but thorough analysis and risk management are crucial, given rumors hinting at a significant market downturn.
#BTC#halving is a great event in the realm of crypto currency and has the potential to bring positive change in the market, historically. But, caution must be taken, as crypto market is much more different from the one which we knew from the past. Along with the optimistic opinions about BTC halving, there are also some schools of thoughts who present entirely different opinions about this event. According to them, there are some key factors that have made today's crypto market significantly different from its earlier days:
1) Regulatory authority 2) Institution adoption 3) Technological advancement 4) Altcoin emergence and token diversity 5) DeFi and NFTs 6) Market infrastructure and professional services 7) Volatility and market cycles 8) Global economic factors 9) Wars
These factors have evolved the landscape of cryptocurrency market, making it more complex, integrated, and accepted part of the global financial system compared to its origins. $BTC $ETH $SOL