#Bitcoin vs #Halving! Market Dynamics and Prospects
On the current cryptocurrency market, there's a sense of calm and uncertainty, with two scenarios remaining relevant to investors.
The first scenario suggests the potential for market growth from current levels, especially for altcoins. Financing rates are favorable for a possible rally. It's worth noting that the $61,700 level is effectively holding the price, and as long as it remains above this level, there's no need to consider a decline. The nearest resistance is expected at levels of $64,600 and $67,300. This could pave the way for new all-time highs.
The second scenario anticipates a slight decline in prices into the "weekly imbalance" zone. However, it's expected that this decline will not be significant. This scenario could have a positive impact on the market, preparing it for a potential upward reversal. In this case, investors should not fear a significant decline in altcoins, as the main downward movement is likely already behind us.
The upcoming halving event, just two days away, is unlikely to have a significant impact on the market. Market participants have long been aware of this event, and it has been priced in. However, increased volatility and local manipulations may occur during this time.
New circumstances, such as macroeconomic conditions and changes in mining structure, make the situation more interesting to observe. After the halving, the cost of production may rise to $60,000, especially in the context of rising energy prices. Investors will be watching the further developments with enthusiasm and interest.