✉news BusinessCrypto first seen 6 h ago, last 4 h ago, peak #21
Bitcoin rebounds 44.2% from June low as profit-taking looms
Original: Bitcoin rebounds 44.2% from June low but rising profits may trigger profit-taking pressure.
Bitcoin has climbed 44.2% from its June low, extending a recovery that has restored confidence among investors after months of weakness. Analysts caution, however, that the rally has left many holders sitting on significant unrealized gains, which could prompt selling and trigger profit-taking pressure that slows or reverses the rebound.
Why now: Bitcoin's sharp recovery from its June low is drawing attention to whether rising unrealized profits will spark a wave of selling.
Rank over time, top of the chart is #1. 3 snapshots from 6 h ago to 4 h ago.
Evidence
- Bitcoin rebounds 44.2% from June low but rising profits may trigger profit-taking pressure. · Pluang
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