• Bitcoin Rally Caution: The Market Ear warns short-term trade | Bitcoin & Crypto Trading

• Bitcoin Rally Caution: The Market Ear warns short-term traders that Bitcoin’s RSI indicates overbought conditions, suggesting a potential temporary price correction.
• Late to the Party: Analysts say joining the Bitcoin rally now, with the RSI at 88 may be a “very late trade.”
• Long-Term Outlook: Despite short-term caution, the long-term outlook for Bitcoin remains bullish, with predictions of reaching $120,000 by September 2025, thanks to halving and Wall Street’s embrace of spot Bitcoin ETFs.
• Worldcoin’s WLD Slides: WLD token dropped 2.2% after Elon Musk sued OpenAI and CEO Sam Altman, co-creator of Worldcoin, for breach of contract.
• Vanguard’s Leadership Change: Vanguard CEO Tim Buckley, who has shunned spot bitcoin ETFs, will retire this year. Speculation arises whether the new leadership will embrace crypto ETFs.
• SEC vs. Kraken Lawsuit: State attorneys general argue that the SEC overstepped its bounds in suing Kraken, claiming jurisdiction that belongs to states. They warn that the SEC’s actions might harm consumers and preempt state consumer protection laws.
• Bitcoin’s Strong Month: Bitcoin is set to close February with a 44% gain, its largest monthly advance since December 2020. Analysts believe this bull market is far from peaking, with sustained buying pressure and strong bullish signals.

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