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The rise in the price of the leading cryptocurrency to new highs has occurred without the usual euphoria. In such circumstances, Matrixport believes it would be prudent to partially lock in profits.
? Today’s #Matrixport Daily Chart — May 26 2025 ⬇️
Bitcoin Is Soaring Without FOMO—Can the Rally Last?
#Matrixport #Bitcoin #BTC #BitcoinMomentum #MarketTrends #BTCPrice #CryptoTrading #CryptoResearch pic.twitter.com/tvjtvXXAcH
— Matrixport Official (@Matrixport_EN) May 26, 2025
Analysts pointed to restrained spot trading volumes and near-neutral rates in perpetual contracts. In their view, increased market activity is necessary to maintain the upward momentum.
“Can the rally continue without FOMO? At this stage, it would be wise to partially reduce risks,” the experts concluded.
QCP Capital explained the return of bullish sentiment after the weekend by the postponement of the US tariff increase on EU imports from June 1 to July 9, following a conversation between President Donald Trump and European Commission President Ursula von der Leyen.
Asia Colour — 26 May 25
1/ Risk sentiment remains in flux. After a steady climb since late April and with the S&P 500 nearing the 6,000 mark, Trump reignited trade tensions—proposing a 50% tariff on EU goods (up from 20%). The timing? Hard to ignore at these elevated levels.
— QCP (@QCPgroup) May 26, 2025
Support was provided by an inflow of funds into BTC-ETF, experts added. They also noted the significant nature of the upcoming May 30 PCE report in the US in the context of actions by the Fed.
Previously, CoinDesk presented six charts of various metrics confirming a solid foundation for Bitcoin’s rise above $100,000.
Earlier, Standard Chartered urged the purchase of the leading cryptocurrency and forecasted its price increase to $120,000 in the second quarter.