Analysis: 100,000 dollar psychological barrier to promote BTC traders profit, profit lock or welcome consolidation period
2025-05-09 11:59:56
Bitcoin rallied on Wednesday and Thursday. eToro market analyst Josh Gilbert said that the market has clearly shifted to a more risk-oriented tone in the past week. Trade tensions seem to be easing. Trump's willingness to negotiate can help boost the sentiment of risk assets (especially bitcoin). BTC Markets cryptocurrency analyst Rachael Lucas believes that psychologically meaningful round numbers such as the 100,000 dollar usually prompt short-term profit-taking, and traders may usher in a period of consolidation after locking in profits.
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