Opinion: US$100,000 is an important psychological barrier for BTC. Traders may enter the consolidation period after locking in profits
On May 11, it was reported that Bitcoin continued to rise this week. eToro market analyst Josh Gilbert said that the market has clearly shifted to a more risk-oriented 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.(Bloomberg)
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