ChainCatcher news, according to The Block, analysts said that profit-taking and heavy selling have hindered the rise of Bitcoin prices.

BRN analyst Valentin Fournier emphasized that Bitcoin faces major obstacles to breaking through $100,000. He believes that despite strong market catalysts and growing investor confidence, Bitcoin is still struggling to break through the psychological price barrier of $100,000. Profit-taking is obvious, and the selling barrier of more than 4,000 Bitcoins (worth about $384 million) must be cleared to achieve higher price levels.