Analysis: Profit-Taking Surges After Bitcoin Rises to $123,000, Signaling a Potential Healthy Correction
According to a report by Jinse Finance, CryptoQuant analyst Tarek J stated on social media that based on Bitcoin exchange net flow data, there has been a surge in profit-taking after Bitcoin reached a high of $123,000. This trend typically signals the formation of a local top and may lead to a healthy correction or consolidation in the coming days.
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.
You may also like
INJ falls below 12 dollars
Arthur Hayes: Bitcoin to Test $100,000, Ethereum to Test $3,000
Privy Supports Base Sub-Accounts, Enabling Users to Create App-Specific Wallets and Streamline Transaction Processes
Trending news
MoreCrypto prices
More
