Analyst: Profit-taking and heavy selling hinder recent Bitcoin price rise
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2024-12-02 21:03:02 8,715
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Golden Finance reported that analysts said that as profit taking and massive selling hindered the rise in Bitcoin prices, BRN analyst Valentin Fournier emphasized that Bitcoin faces major obstacles to break through $100,000. He believes that despite strong market catalysts, investor confidence Strengthening, but Bitcoin is still struggling to break the psychological price barrier of $100,000. Profit-taking was evident and a sell-off barrier of over 4,000 Bitcoins (worth approximately $384 million) had to be cleared to achieve higher levels. (TheBlock)