Analysis: $100000 may be a significant psychological barrier for BTC in the near future, and traders may enter a consolidation period after locking in profits

Odaily Planet Daily reported that Bitcoin has been rising continuously this week. eToro market analyst Josh Gilbert said 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 the sentiment of 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. （Bloomberg）