Analyst: Profit-taking and a huge wall of sell orders hinder Bitcoin's rise

This article is machine translated
Show original

On December 2, BRN analyst Valentin Fournier stated that "although market catalysts are strong and investor confidence is growing, Bitcoin breaking through $100,000 still faces major obstacles."

Fournier pointed out that "the profit-taking phenomenon is obvious, and a huge sell wall of over 4,000 bitcoins, about $384 million, must be cleared before reaching higher prices." (The Block)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments