#BTC pulled back to \~\$107K, losing 2.55% in the past 24 hours here are the 3 key reasons (based on insights gathered via the new CMC AI by CoinMarketCap):
1 Trump's Tariff Shock
On May 23, Donald Trump announced 50% tariffs on EU imports. This reignited global trade fears, triggering a risk-off move similar to BTC's -6.5% dip back in April during earlier tariff tensions.
2 Technical Resistance
$BTC failed to break through the \ $110K level (Fibonacci 127.2% target at \$117,485). RSI14 has droppe 63.3, indicating weakening momentum.
$ETH ETH just bounced from the same support zone that sparked its last bull run This could be the start of Wave 5 and if history repeats... Target: $10,000 #ETH
RHODL Ratio: A Key Signal for #BITCOIN Investors The RHODL Ratio is back in the spotlight offering a clear view of whether the market is overheated or primed for further growth. Currently, the indicator is far from the red overheating zone it entered in 2013, 2017, and 2021 - just before Bitcoin hit cycle tops. This suggests the market may still have room to run and that \B $BTC BTC's upside potential remains intact. Reminder: RHODL compares short-term holders (1 week) vs. long-term holders (1-2 years). When short-term activity spikes, it's a warning sign. Today's reading? Neutral to bullish. Not a bottom, but definitely not a top for growth remains.
The #Bitcoin SMA Multiplier its clear. There is way more upside for $BTC BTC, the projection on the #BTC Price Analysis# according to the model would top at $250,000. Be ready.
largest currency in the world - flipping the Taiwan Dollar! Next up? Hong Kong Dollar. Unlike government money that can be printed forever... Bitcoin is hard-coded with a fixed supply of just 21 million. This is why #BTC wins. Digital money. No inflation. No printing.
$CETUS and $SUI Market Alert: CETUS & SUI Plunge After Reported Cetus Protocol Exploit Both $CETUS and SUI have seen sharp declines following reports of an exploit on Cetus Protocol, the primary DEX and liquidity provider on the Sui blockchain.