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

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ODAILY
12-02
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Odaily Odaily News Analysts said that due to profit-taking and heavy selling, Bitcoin prices have been hindered from rising. BRN analyst Valentin Fournier stressed 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. (TheBlock)

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