Bitcoin Market Structure Change Confirmed Above $65,000, Says Analyst

According to BlockBeats, on September 25, Will Clemente, founder of the cryptocurrency analysis firm Reflexivity Research, shared insights on social media regarding the psychological challenges faced by traders during market fluctuations. Clemente emphasized the difficulty in shifting from attempting to take profits during rebounds to allowing winning positions to continue rising. Clemente highlighted that, in his view, Bitcoin confirming a market structure change above $65,000 marks a threshold for risk appetite and a shift in this bias. This observation underscores the importance of psychological resilience and strategic adjustments in navigating the volatile cryptocurrency market.