Bitcoin Lacks Strong Demand But Selling Pressure Remains Absorbable For Now – Details

Bitcoin Lacks Strong Demand But Selling Pressure Remains Absorbable For Now – Details


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin is currently trading 6% below its $112,000 all-time high, holding steady but showing signs of exhaustion as it struggles to break into new price discovery. While price action remains strong, the market lacks the momentum needed for a decisive upward move. Macroeconomic uncertainty continues to weigh heavily on investor sentiment, with rising US Treasury yields, the Federal Reserve’s ongoing stance on elevated interest rates, and escalating conflicts in the Middle East all contributing to a complex and risk-sensitive environment.

According to top analyst Darkfost, while some investors were observed taking profits yesterday, the selling pressure remains relatively mild. On-chain metrics indicate that most participants continue to hold their positions, reflecting

Trending: Smartest Man In World (IQ 276) Says “Jesus Christ Is God”

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!