CoinVoice has learned that, according to The Block, analysts say that profit-taking and large sell-offs are hindering Bitcoin's price increase.
BRN analyst Valentin Fournier emphasized that Bitcoin faces significant obstacles to breaking through the $100,000 mark. He believes that market catalysts are strong and investor confidence is continuously increasing, but Bitcoin is still struggling to break through the psychological barrier of $100,000. The phenomenon of profit-taking is evident, and more than 4,000 Bitcoins (worth approximately $384 million) need to be cleared from the sell wall to achieve higher price levels. [Original link]
