Analyst: Bitcoin surges and falls back, the bulls have lost their dominant position
On December 20, after Bitcoin failed to maintain a level above $100,000, investors' profit-taking expanded the decline. Earlier this week, Bitcoin surged significantly, eventually reaching a record level of over $108,000. Pepperstone analyst Chris Weston said, "It is necessary to be cautious about Bitcoin at present. This does not mean that we will see a price plunge soon, but the momentum has obviously faded and the bulls have lost their dominant position and control over the price." Bitcoin is now down 2.4% to $95,133.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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