Fresh Iran War Concerns Trigger Profit-Taking in Bitcoin — Market Talk
-
Renewed caution surrounding the Iran war has triggered a more defensive tone across risky assets and encouraged investors to take profits in bitcoin after recent gains, LMAX Group's Joel Kruger says in a note. However, bitcoin's ability to hold above $76,000 is a key technical development, he says. "From a flow and positioning perspective, there are increasing signs that longer-term holders are stepping back in, helping to absorb supply and stabilize the market on dips." The shift follows an extended period of weak sentiment and deleveraging, which appears to have reset positioning and created a healthier base for accumulation, he says. Bitcoin falls 1.1% to $77,591 after reaching an 11-week high of $79,480 Wednesday, LSEG data show. (renae.dyer@wsj.com)
source: https://www.tradingview.com/news/DJN_DN20260423003319:0/
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
註冊 登入