Analysis: The psychological barrier of US$100,000 encourages BTC traders to take profits, and after profits are locked in, they may face a consolidation period."
Internet reports that Bitcoin continued to rise on Wednesday and Thursday. eToro market analyst Josh Gilbert said that the market has clearly shifted to a more risk-friendly tone in the past week. Trade tensions seem to be easing. Trump's indication of willingness to negotiate will help boost the sentiment of risky assets (especially Bitcoin). Rachael Lucas, a cryptocurrency analyst at BTC Markets, believes that psychologically meaningful integer levels such as $100,000 usually prompt short-term profit-taking, and traders may usher in a period of consolidation after locking in profits.
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