Analysis: Bitcoin hits historic high before falling back, raising questions about the sustainability of momentum

According to a report by JinShi, data shows that the cryptocurrency Ethereum has performed better than its more well-known peer asset Bitcoin, rising to a six-month high of $3478.97. David Morrison, an analyst at Trade Nation, a fintech company, stated in a report that after hitting a historic high of $123153 on Monday, Bitcoin has shown signs of a pullback and consolidation. He pointed out that traders who hope to profit from the further rise of Bitcoin are feeling frustrated because Bitcoin has not rebounded above $120000. This raises a question: if there are no new catalysts, can the upward momentum of Bitcoin continue.