Current Situation and Expectations in the Bitcoin Market

The Bitcoin market is facing a lot of rumors and uncertainties 48 hours before the halving process. Bitcoin saw major liquidations in the crypto market last week due to macroeconomic factors. Additionally, while the price of Bitcoin was trading at $61,255 levels, altcoins were also under selling pressure. Market analysts indicate that the market will progress slowly under current conditions. Halving and Market Expectations Halving usually signals a positive rise for Bitcoin, but this year’s situation appears to be more complex. There are signs that the market could experience a decline after Bitcoin’s halving. Investors and market followers continue to be cautious before and after this significant event. Miner and Whale Movements The movements of Bitcoin whales and miners play a critical role in determining the direction of the market. When whales withdraw large amounts of Bitcoin from centralized exchanges to their wallets, it is usually interpreted as a sign […]

Current Situation and Expectations in the Bitcoin Market

The Bitcoin market is facing a lot of rumors and uncertainties 48 hours before the halving process. Bitcoin saw major liquidations in the crypto market last week due to macroeconomic factors. Additionally, while the price of Bitcoin was trading at $61,255 levels, altcoins were also under selling pressure. Market analysts indicate that the market will progress slowly under current conditions.

Halving and Market Expectations

Halving usually signals a positive rise for Bitcoin, but this year’s situation appears to be more complex. There are signs that the market could experience a decline after Bitcoin’s halving. Investors and market followers continue to be cautious before and after this significant event.

Miner and Whale Movements

The movements of Bitcoin whales and miners play a critical role in determining the direction of the market. When whales withdraw large amounts of Bitcoin from centralized exchanges to their wallets, it is usually interpreted as a sign of a long-term position and can support an increase. However, movements towards exchanges may indicate an imminent sale.

Useful Information

Finally, changes in trading volumes and RSI values offer significant signals for the market. Evaluating these changes will be necessary during a bear market process and recovery with clear inputs and the stabilization of on-chain activities.

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