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Analyst: Profit-taking and a large amount of dumping hinder recent BTC price pump
Golden Finance reported that analysts said that profit-taking and significant dumping hindered the pump of BTC price. BRN analyst Valentin Fournier emphasized that BTC breaking through $100,000 faces significant obstacles. He believes that the market catalyst is strong and investor confidence is continuously increasing, but BTC is still struggling to break through the psychological barrier of $100,000. The phenomenon of profit-taking is obvious, and it is necessary to remove the dumping barrier of over 4,000 BTC (worth about $384 million) to achieve higher levels. (TheBlock)