Analysts: Profit-taking and heavy selling hinder recent Bitcoin price gains
analysts believe that profit-taking and massive selling are hindering the rise in the price of Bitcoin. BRN analyst Valentin Fournier emphasized that Bitcoin faces major obstacles in breaking through the $100,000 mark. He believes that strong market catalysts and increasing investor confidence are present, but Bitcoin is still struggling to overcome the psychological barrier of $100,000. The phenomenon of profit-taking is evident, and more than 4,000 bitcoins (worth about $384 million) in selling barriers must be cleared to achieve higher levels. (TheBlock)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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