Bitcoin

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While the cryptocurrency market is growing rapidly, there is an issue with <a href="https://u.today/blackrocks-95-trillion-may-flow-into-digital-assets-bitcoin-expert-willy-woo-believes">Bitcoin</a> that is not talked about much: price slippage. This happens when you sell a big amount, like $50,000 worth of Bitcoin, and the final sale price ends up being less than you expected. Why? Because there is not enough Bitcoin available at your preferred price. This problem differs a lot across different platforms, where you can buy and sell Bitcoin, like Bitmex or Coinbase.
The slippage chart shows us that slippage is not the same everywhere. It can be as much as 1.73% at Bitmex and as low as 0.001% at Binance. This means the market for <a href="https://u.today/bitcoin-btc-advocate-samson-mow-shifts-some-capital-to-gold">Bitcoin</a> is not all together in one place; it is spread out, which is what we call fragmented. Because it is not all in one place, selling your Bitcoin can be less predictable and more risky.
<img alt="BTCUSD" data-entity-type="file" data-entity-uuid="d2dbb26d-1115-4a03-98bd-596cdc87a960" src="https://u.today/sites/default/files/inline-images/image_625.png"><a href="https://www.tradingview.com/">BTC/USD Chart by TradingView</a>
When lots of Bitcoins leave these trading places, the issue gets worse. There is less Bitcoin available to buy and sell, which can make prices swing more than usual. This can be tough for people who want to trade large amounts.
Now, let's talk about Bitcoin's price. Looking at the daily chart, <a href="https://u.today/hong-kong-primed-for-bitcoin-etfs-expert-calls-it-game-changer">Bitcoin</a> has been moving up for a while, but now it is at a point where it is not sure where to go next. This is a crucial time. If Bitcoin can keep going up, it could reach new highs, but if it starts to fall, it could go down to lower prices, called support levels.
Currently, <a href="https://u.today/hong-kong-primed-for-bitcoin-etfs-expert-calls-it-game-changer">Bitcoin's</a> support level could be around $54,076. If the price falls to this point, it might not go any lower. But if it can go past the high point it reached before, called a resistance level, which might go up near $60,127, and then it could keep climbing.
In short, Bitcoin is at a crossroads. Slippage shows the market is all over the place, and big trades could shake things up even more. As Bitcoins keep leaving the usual trading spots, we could see more ups and downs in the price than we are used to. People watching Bitcoin's price will want to keep an eye on how much it moves up or down, as that will tell us a lot about where it is heading next.

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