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Bitcoin is one rally away from new highs, but overly euphoric bulls signal ‘overheating’ market

cryptoweekly by cryptoweekly
May 13, 2025
in bitcoin, News
0

Bitcoin looks ready to attack its all-time high, but signs of overheating bullish sentiment and shifting market dynamics suggest a correction may be near.

Key takeaways:

Bitcoin price maintains its bullish momentum, but a sentiment indicator suggests the market could be overheating. 

Data highlights Bitcoin traders taking profits and a lopsided market angled toward longs.

Read more

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  • US lawmakers call for change in corporate digital asset taxes
  • Market volatility indicator still points to $135K Bitcoin within 100 days — Analyst
  • Sen. Lummis leads Republican petition to lift tax burden on US digital asset companies
  • CoinShares Q1 net profit falls to $24M
  • What are the next steps for the US stablecoin bill?
  • Solana network and DeFi activity suggest SOL price rally will continue
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