Bitcoin Faces Profit-Taking Phase: Will Traders Seize Altcoin Discounts Amid Price Consolidation?

Bitcoin (BTC) Faces Potential Profit-Taking Amid Market Resilience – MAXBIT

Darius Baruo May 29, 2025 07:02 Bitcoin reaches a new high of $111,880, driven by ETF inflows and market dynamics, as it faces potential profit-taking. U.S. economic concerns add complexity to the crypto market outlook. Bitcoin (BTC) has experienced significant volatility, surging over 50% to reach a new high of $111,880, following a 32% decline...

Bitcoin Faces Profit-Taking Phase: Will Traders Seize Altcoin Discounts Amid Price Consolidation?

The post Bitcoin Faces Profit-Taking Phase: Will Traders Seize Altcoin Discounts Amid Price Consolidation? appeared on BitcoinEthereumNews.com. Investor profit-taking has temporarily dampened Bitcoin’s bullish momentum, ushering in a phase of market consolidation. This market ripple raises questions about whether traders will seize the opportunity to buy altcoins at discounted rates. According to Bitfinex analysts, trends suggest that such profi…