$BTC **Bitcoin ($BTC) Market Update**
The king of crypto continues to dominate trading volumes as institutional interest grows. Recent price action shows $BTC testing key resistance levels, with traders watching for a breakout. The upcoming halving event (April 2024) could trigger another bull run, as past cycles suggest.
On-chain data reveals accumulation by long-term holders, while short-term traders chase volatility. Macro factors like Fed policy and inflation remain key drivers. Support holds strong at $60K, but a break below could see a retest of $55K.