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Analysis: 100 thousand USD is a significant recent psychological threshold for BTC, and after traders lock in profits, a consolidation period may follow.

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#Bitcoin
Odaily
338Words
May 10, 2025

Odaily Planet Daily News: Bitcoin has risen continuously this week. eToro market analyst Josh Gilbert stated that over the past week, the market has clearly shifted towards a more risk-on tone. The easing of trade tensions, along with Trump's indication of willingness to negotiate, has helped boost sentiment towards risk assets, especially Bitcoin. $BTC Markets cryptocurrency analyst Rachael Lucas believes that psychologically significant round numbers, such as 100 thousand USD, usually prompt short-term profit-taking, and after traders lock in profits, a consolidation period may follow. (Bloomberg)

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