With the imminent halving of Bitcoin on the horizon, it's natural for investors to experience heightened apprehension. However, it's crucial to maintain composure and approach the situation with a clear perspective.
As the halving draws near, the market may undergo increased volatility, potentially leading to a prolonged period of uncertainty. Anticipating a potential long squeeze, my analysis highlights two critical areas of interest: $69,000 and $67,000. The region between these two price points is pivotal, as a breach below $67,000 could signal confirmation of a long squeeze scenario. Furthermore, a dip below $67,000 may indicate a corrective movement towards the liquidity zone at $62,000.
It's important to emphasize that Bitcoin remains fundamentally sound despite market fluctuations. Panic is unwarranted, and investors are urged to remain calm and rational in their decision-making process.
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