The post Crypto Prices Rally: Is It Time To Start Taking Profit? appeared on BitcoinEthereumNews.com.

Over the past 24 hours, the crypto prices retained a bullish outlook, despite the broad macroeconomic and geopolitical uncertainties. Despite all odds, the market outlook shows that Bitcoin and altcoins have returned more gains to investors. At this level, many investors ask if it is ideal to start closing their positions for fear of unforeseen pullbacks. While this question is highly subjective from one trader to another, some signs support the thesis for breakout and pullbacks, respectively. The Geopolitical Tension and Trade War Trends When the Russian-Ukrainian war started in 2021, it aggravated the impact of the COVID-19 pandemic on risk assets. With Western countries diverting resources to the war, inflation quickly became a major worry for global economies. Many countries, especially the US, are in a much better place. Based on the March Consumer Price Index (CPI) reading of 2.4%, the confidence that the worst is passed is fueling BTC and risk asset gains. However, the current India-Pakistan war may tilt the overall balance in crypto markets. Ceasefires have been negotiated and breached, complicating any attempt at peace talks. If both sides do not find a balance in the near term, it may have far-reaching negative implications in the ongoing trade talks. Meanwhile, the US and China are holding tariff negotiations in Geneva. No sound resolution was reached on the first day, a sign many believe is not a good omen. These factors that may impact the global economy have placed risk-on assets on the hedge. If these events do not play out positively as expected, it may be time for investors to start taking profits on shared gains. Bitcoin and Risk Assets Find Positive Triggers Despite the offset by the ongoing trade wars, Bitcoin has retained its growth trend. The coin has formed support at the $103,000 price…

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Filed under: News - @ May 11, 2025 6:15 pm