#TrumpTariffs
The new all-time high of Bitcoin has led traders to wonder:
🔸Is the price of BTC at 111,000 dollars overheating?✨
From a technical standpoint, Bitcoin shows some signs of overheating, but on-chain data suggests otherwise.
✨Key points:
💥Bitcoin reached a new all-time high of 111,970 dollars on May 22, but pulled back to 110,700 dollars, with analysts pointing to mixed signals about market overheating.
💥Funding rates and other metrics suggest a 'healthy upward phase'.