Analyst: Profit-taking and massive selling hinder recent Bitcoin price increase
Analysts say that due to profit-taking and massive selling hindering the rise of Bitcoin's price, BRN analyst Valentin Fournier emphasizes that Bitcoin faces significant obstacles in breaking through $100,000. He believes that despite strong market catalysts and increasing investor confidence, Bitcoin is still struggling to break through the psychological barrier of $100,000. The phenomenon of profit-taking is evident, and it would require clearing a sell wall of over 4,000 Bitcoins (worth approximately $384 million) to achieve higher price levels. (TheBlock)
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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A wallet address sold 1.44 million TRX via SunSwap in exchange for 460,000 USDT.
Data: Whales have cumulatively withdrawn approximately 13.4 million USDT from a certain exchange.
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