Fresh Iran War Concerns Trigger Profit-Taking in Bitcoin — Market Talk
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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/
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