Analysis: The psychological barrier of $100000 encourages BTC traders to take profits and lock in profits, which may lead to a consolidation period

According to a report by Golden Finance, Bitcoin continued to rise on Wednesday and Thursday. eToro market analyst Josh Gilbert stated that the market has clearly shifted towards a more risk oriented tone in the past week, and trade tensions seem to be easing. Trump's indication of willingness to negotiate will help boost sentiment in risky assets, especially Bitcoin. BTC Markets cryptocurrency analyst Rachael Lucas believes that psychologically significant integer thresholds such as $100000 often prompt short-term profit taking, and traders may enter a period of consolidation after locking in profits.