Analysis: $100,000 Psychological Barrier Prompts BTC Traders to Take Profits, Potential Consolidation Period After Profit Lock-in
According to a report by Jinse Finance, Bitcoin rose consecutively on Wednesday and Thursday. eToro market analyst Josh Gilbert stated that the market has clearly shifted towards a more risk-preferred tone over the past week, with trade tensions seemingly easing and Trump's indication of willingness to negotiate helping to boost sentiment for risk assets, especially Bitcoin. BTC Markets cryptocurrency analyst Rachael Lucas believes that psychologically significant round numbers like $100,000 often prompt short-term profit-taking, and after traders lock in profits, a consolidation period may follow.
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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