watch
Bitcoin Profits Amid Political Uncertainty and Technical Signals
Investors are taking profits following the golden cross.
Bitcoin, after reaching a peak of $111,900 in May, is currently hovering around $105,000. Investors are liquidating gains—Glassnode reports that profit realizations are exceeding $500 million per hour, the highest since February.
Although the golden cross remains technically intact, traders are skeptical of an immediate rise from current levels and are withdrawing funds. The average profit per trade is about 16%.
The situation is further complicated by political factors—markets are awaiting a decision on tariffs from Trump scheduled for this Friday, which could impact regulatory expectations.
Source available for registered users Sign Up Free
AI Analysis
The current market dynamics for Bitcoin indicate a phase of consolidation following a significant rally to the $111,900 mark in May. Despite the technical indicator known as the 'golden cross' remaini...
AI Recommendation
Investors should approach the current market with caution. Given the high rate of profit realization and external political uncertainties, it is prudent to avoid aggressive buying at this stage. Inste...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
You might also be interested in:
trade
buy on weakness