Bitcoin Falls on Profit Taking, Risk Aversion — Market Talk
-
Bitcoin falls as investors take profits after the cryptocurrency's recent recovery and as investors remain cautious amid the Middle East conflict, LMAX Group's Joel Kruger says. Bitcoin's pullback looks like a "natural pause" after its breakout above $70,000, driven by investors closing earlier bets against the cryptocurrency and momentum buying, he says. Some profit-taking is to be expected with broader risk aversion also weighing on bitcoin, he says. However, bitcoin remains above $70,000, a key support level, and the broader backdrop looks supportive with renewed institutional demand, resilient inflows into bitcoin-linked products and U.S. regulatory clarity, he says. Bitcoin falls 0.3% to $70,948 after hitting a one-month high of $74,049 Wednesday, LSEG data show. (renae.dyer@wsj.com)
source: https://www.tradingview.com/news/DJN_DN20260306001434:0/
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 💗
Register Login