Analysts: Profit-taking and heavy selling hinder recent Bitcoin price gains

analysts believe that profit-taking and massive selling are hindering the rise in the price of Bitcoin. BRN analyst Valentin Fournier emphasized that Bitcoin faces major obstacles in breaking through the $100,000 mark. He believes that strong market catalysts and increasing investor confidence are present, but Bitcoin is still struggling to overcome the psychological barrier of $100,000. The phenomenon of profit-taking is evident, and more than 4,000 bitcoins (worth about $384 million) in selling barriers must be cleared to achieve higher levels. (TheBlock)