Is it too late to go long on Bitcoin? Market insights amid rising demand

long positions entered during current uptrend are swiftly being “hunted” down, leading to abrupt exits while the prices continues to rally.

The ongoing cycle of long entries followed by swift downturns suggested that traders attempting to capitalize on the uptrend are facing significant risks.This trading behavior prompts the question: with such aggressive targeting of long positions, Analyses of the Short-Term Holders’ SOPR suggested a balanced market sentiment.

The analysis, supported by the 30DMA, showed that while STHs were indeed taking profits, their actions were not indicative of market euphoria.Conversely, the ‘extreme fear’ zones have traditionally been where significant market lows form, offering prime buying opportunities. The period offered an opportunity for strategic investments, with a balanced approach being crucial to navigating the ongoing volatility and capitalizing on the uptrend.Post-elections in the US continued to spark uptick in Bitcoin demand, as indicated by the surging Coinbase Premium Index. This gauge reflected a heightened buying fervor among US traders, sustaining the current bull run.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto market cap hits record $3.1 trillion as Bitcoin climbs to $92kThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Crypto market cap nears France’s GDP after Bitcoin leads $3 trillion rallyThe global crypto market cap soared to $3.02 trillion on the back of Bitcoin's latest ATH. In fact, according to CoinMarketCap, figures...
Source: CryptoAmb - 🏆 22. / 68 Read more »

MicroStrategy stock hits 25-year high – Bitcoin drives market surgeMicroStrategy capitalizes on Bitcoin's surge, breaking stock price milestones and attracting investors – What’s next for MSTR?
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin price hits a new all-time high of $90k, surpasses silver market capThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Crypto market hits record high as Bitcoin gains 41% in 30 daysTrump’s win fuels Bitcoin’s rise, but experts emphasize post-halving supply-demand imbalances driving growth- What's the truth?
Source: CryptoAmb - 🏆 22. / 68 Read more »