I noticed an interesting point in the market — Bitcoin broke through the $69 000 mark and is now trading significantly lower, around $66 900. But what's interesting is that this level was once a serious obstacle. Currently, the market price indicates that there have been significant changes in the market structure compared to the same period in 2021.

I looked at the hash rate data — it has tripled over these years. This means the network is much more secure. Plus, now there are ETFs through which huge amounts of money are entering crypto. This wasn't the case before. The market price of Bitcoin now depends on completely different factors than before.

On-chain data shows that people are not rushing to sell — reserves on exchanges are decreasing. This hints at long-term holding. The fear-and-greed index is not at its maximum yet, so there may still be room for growth. Key levels I’m watching: support around $65 000, main resistance above $73 000.

The market price also depends on macroeconomics — currency fluctuations, geopolitics, all of which influence demand for independent assets. Plus, the halving at the end of the year could create a supply shortage. Technically, the situation looks much stronger than in 2021, but volatility remains. Be cautious with positions and don’t forget about safety — as the price grows, the number of phishing attacks also increases.