Bitcoin Halving tension: Factors to consider

Bitcoin Halving tension: Factors to consider!

With approximately two days left until halving, the crypto money market, whose mobility has increased, continues to spread danger. Altcoins, which continued to decline despite #Bitcoin 's pricing at $ 61,000, caused unease. It seems that the ongoing chaos environment not only in the crypto industry, but also globally will confuse the market for some time. So, with halving, which elements have become more important to follow in Bitcoin?

The pulses have been set for halving in Bitcoin!

Bitcoin, which turned its direction downwards after failing to exceed $ 71,289, was almost shaken by the Israeli-Iranian tensions. The leader of the cryptocurrencies, which began to see heavy sales, created panic in investors by throwing a needle for $ 59,600. Bitcoin, which is currently trading at $ 61,227, is starting to halving enthusiasm or stopping geopolitical problems, respectively 63.030 – 64.692 – 65.766 – 67.613 – 69.017 – 71.289 and it could be on its way to $73,684. If the current process continues, respectively 60.810 – 59.024 – 56.622 and a test can be expected for $ 54,966.

Google searches for Halving have increased!

It seems that the word halving has been increasingly researched since the last week's Google Trends data was reviewed. Especially since April 14, it has been recorded that people's interest in halving has increased. As of April 17, this data reached 98 points and saw the recent peak.

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The halving environment has increased the volatility in Bitcoin!

Bitcoin, which will complete its next halving in about two days, continues to confuse liquidation data. According to data from Coinglass, transactions worth $ 238.75 million were liquidated in the last 24 hours. BTC accounted for 91.18 million dollars of this amount. $ 67.52 million of the liquidations in Bitcoin were recorded as long-way transactions, while $ 23.67 million of them were recorded as short-way transactions.

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