Bitcoin profit-taking may 'accelerate' as price hits 3-month high: Analyst

CoinTelegraph9h agoUpdated 8h ago
Bitcoin profit-taking may 'accelerate' as price hits 3-month high: Analyst
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Bitcoin hit three-month highs with holders realizing $1.1 billion in profits Monday, the highest single day since December. CryptoQuant analyst Julio Moreno warns profit-taking may accelerate as short-term holders lock gains. Despite strong ETF inflows, Bitcoin remains in bear market territory with demand lagging. Analysts split on whether BTC has bottomed, with forecasts ranging from $57,000 to potential $100,000 recovery in 2026.

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