Analysts: Profit-taking and massive selling are hindering the recent rise in bitcoin prices
2024-12-02 12:51:19
Analysts say that due to the profit-back massive sell-off bitcoin has been hindereddesk3cryptocurrencydesktopCrypto News
With profit-taking and heavy selling holding back the price of Bitcoin, according to analysts, BRN analyst Valentin Fournier emphasized that Bitcoin faces a major hurdle to break through the $100,000, arguing that despite strong market catalysts and growing investor confidence, Bitcoin is still struggling to break through the psychological price barrier of $100,000. The phenomenon of profit-taking is obvious, and the selling barrier of more than 4,000 bitcoins (worth about $384 million) must be cleared to achieve higher levels. (TheBlock)
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