Analyst: Bitcoin rises and then falls, bulls have lost their dominant position
ChainCatcher message, after Bitcoin failed to maintain above the $100,000 level, profit-taking by investors has widened the decline.
Earlier this week, Bitcoin surged significantly, eventually reaching a record high of over $108,000. Pepperstone analyst Chris Weston stated, "It is necessary to be cautious about Bitcoin at the moment. This does not mean we will see a price crash soon, but the momentum has clearly faded, and the bulls have lost dominance and control over the price." Bitcoin is currently down 2.4% at $95,133. (Jin Ten)
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