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Bitcoin (BTCUSD) Faces Resistance as Long-Term Holders Take Profits, Limiting Rally Gains

Cointelegraph Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin faces downward pressure as long-term holders continue profit-taking, creating resistance despite weekly support near $108,700.
  • Analysts view current weakness as a market digestion phase influenced by significant sell-side volume from OG holders.
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BTCUSD price history

76051.37 +10.58% over the displayed period

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