Halving tension in Bitcoin: Elements to consider!

Bitcoin, which started the countdown to the halving, created an environment of chaos and worried cryptocurrency investors.

With approximately two days left until the halving, the cryptocurrency market, which has increased in activity, continues to spread danger. Despite Bitcoin's pricing at $61,000, altcoin, which continued to decline, created uneasiness. Not only in the crypto industry, but also globally, the ongoing chaos seems to confuse the market for a while. So, which elements have become more important in Bitcoin with the halving?

Pulses were held for the halving at Bitcoin!

After failing to surpass $71,289, the Bitcoin reversed its direction and was shaken by the Israel-Iran tension. The leader of cryptocurrencies, which started to see heavy sales, created panic among investors by throwing a needle at $ 59,600. Bitcoin, which is currently trading at $61,227, may head towards $63,030 – 64,692 – 65,766 – 67,613 – 69,017 – 71,289 and $73,684, respectively, with the start of the halving euphoria or the calming of geopolitical problems. If the current process continues, a test can be expected at $60,810 – $59,024 – $56,622 and $54,966, respectively.

People's interest in halving is increasing!

Looking at the Google Trends data for the last week, it is seen that the word halving is increasingly searched. Especially since April 14, it has been recorded that people's interest in halving has increased. As of April 17, this data reached a recent high of 98 points. This data, which is at a high level in the current process, can be an important criterion in following the excitement of halving.

The halving environment has increased the volatility in Bitcoin!

The Bitcoin, which will complete its next halving in about two days, continues to be confusing in the liquidation data. According to data from Coinglass, $238.75 million worth of transactions were liquidated in the last 24 hours. Bitcoin accounted for $91.18 million of this amount. Of the liquidations in Bitcoin, $67.52 million was recorded as long and $23.67 million as short transactions.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.