Bitcoin has paused its upward movement, trading just above 100,000 USD, currently at around 101,266.49 USD after a recent decline of 3.10%. While first-time buyers are active, the enthusiasm from momentum buyers is waning.
Profit-taking from existing holders is outpacing new demand, indicating a shift in market sentiment. Analysts warn of a possible consolidation period for Bitcoin as selling pressure mounts despite continued interest from new market entrants.
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