Bitcoin Near Range Top: Analysts Recommend Shifting to Stocks as ‘Safe Alternative’

Experts are advising investors to consider shifting their portfolios towards stocks as Bitcoin approaches its trading range’s upper limit, hovering around $93,500. This shift is expected due to the cryptocurrency’s recent rally exceeding its 21-week moving average and aligning with the Fibonacci retracement level of 23.6%. Analysts at Matrixport note that this move has created a logical stop-loss point for long Bitcoin positions.