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

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Bitcoin's recent price surge to a 3-month high is prompting analysts to warn of potential profit-taking, which may accelerate as investors lock in gains. CryptoQuant analyst Julio Moreno notes Bitcoin remains in a bear market, despite the short-term recovery. This price action may lead to a reversal in investor sentiment and subsequent market correction.