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Analyst: Bitcoin surges and falls back, the bulls have lost their dominant position

Analyst: Bitcoin surges and falls back, the bulls have lost their dominant position

Bitget2024/12/20 09:51

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.

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