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Analysis Points to Potential Bitcoin Selling Pressure Above $85K
(3 hours ago) · 1 source · Summarized by CryptoBipto
Market analysis has identified a long-term resistance level for Bitcoin around $85,000, suggesting that holders who bought at higher prices may sell if the price reaches that zone. The analysis highlights that a concentration of coins acquired above this level could create selling pressure as holders look to break even.
WHY IT MATTERS
In crypto markets, analysts study where large groups of people bought their coins.
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SOURCES
- cointelegraph.com
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