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Analysis: $100,000 may be an important psychological barrier for BTC in the near future. Traders may face a period of consolidation after locking in profits
2025-05-11 08:10:03

Odaily News Bitcoin continued to rise this week. Josh Gilbert, a market analyst at eToro, said that the market has clearly shifted to a more risk-averse tone in the past week. Trade tensions seem to be easing, and Trump's willingness to negotiate will help boost sentiment in risky assets (especially Bitcoin). Rachael Lucas, a cryptocurrency analyst at BTC Markets, believes that psychologically significant integer levels such as $100,000 usually prompt short-term profit-taking, and traders may usher in a period of consolidation after locking in profits. (Bloomberg)