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Dubai: Bitcoin investors in the UAE – and globally – are starting to take a step back. After soaring from around $75,000 to over $105,000 in just 30 days, the world's top cryptocurrency is now facing resistance. And while the surge was impressive, recent signs suggest that a pause – or even a pullback – might be on the May 12, Bitcoin hit a three-month high of $105,720 before dipping back to around $102,000. The trigger? Surprisingly, not crypto-related news, but a thaw in the US-China trade war. Investors shifted their focus back to traditional stocks, expecting improved earnings from lower tariffs. Gold also took a hit – down 3.4% the same day – as demand for “safe-haven” assets weakened. Bitcoin, it seems, is now behaving like one of those ’s buying stocks again: Should you?.Has Bitcoin rally run out of steam?For crypto traders used to rapid ups and downs, the shift in sentiment is significant. A 24% rise in a month is bound to attract attention – and profit-booking. But the worry now is whether the rally has run out of to the uncertainty is growing concern over the influence of large holders. Strategy, led by Michael Saylor, added over 13,000 BTC in just a week. Together with BlackRock, the two giants now hold about 6% of all Bitcoin in circulation. Some investors worry that if prices fall, these players might be forced to offload assets, adding further downward pressure.Still, not everyone is hitting the panic button. Bitcoin ETFs saw $2 billion in inflows between May 1 and May 9 – a strong sign of institutional interest. And key indicators like the MVRV Momentum Index suggest long-term bullish conditions remain there a price correction looming?But short-term sentiment tells a different story. The Bitcoin Fear and Greed Index is currently at 70 – firmly in "greed" territory. Historically, such levels often precede corrections. The speed of the rally – a $30,000 jump in just one month – also raises eyebrows. In contrast, it took over 11 years for Bitcoin to climb from zero to $30,000 in the first what’s the takeaway for UAE crypto investors? Don’t be swayed by emotion. Bitcoin’s long-term story remains strong, but in the short run, caution is key. A healthy correction might not be bad – it could clear the runway for the next leg always, stay informed, diversify, and remember: no one ever lost money by taking accepts crypto: More payment options to follow public service fees?
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