Analysis: Profit-taking may interrupt BTC bull market, and the market may face a deep correction
2025-05-31 10:31:04
Odaily News In its latest research report, the on-chain analysis platform CryptoQuant pointed out that profit-taking has interrupted the Bitcoin bull market, and some demand indicators for Bitcoin may be reaching a short-term peak, which may mean that the current rally will pause, and the accumulation of whales is also slowing down, and the price may fall below $100,000. Trader Mags wrote in an analysis on the X platform: "On the daily chart, BTC has fallen below its previous historical high and is facing rejection at the same level. If BTC closes below the horizontal support and resistance levels on the weekly chart, a deeper pullback may be seen." (Cointelegraph)
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