Golden Finance reported that after Bitcoin failed to maintain levels above $100,000, investors took profits and extended the decline. Bitcoin surged earlier this week, eventually reaching record levels above $108,000. Pepperstone analyst Chris Weston said, “There is a need to be cautious about Bitcoin at the moment. This does not mean that we will see a price collapse soon, but the momentum has clearly faded and the bulls have lost dominance and control of the price. "Bitcoin is now down 2.4% at $95,133.