Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
Analysis: Bitcoin has not yet broken through key resistance levels, short-term holders' behavior may determine the trend
2024-09-01 13:44:43
Odaily News Crypto analyst Ali said on the X platform that Bitcoin is currently facing a key price resistance level. Ali emphasized that the Short-Term Holder Realized Price is currently around $63,250, and BTC has been struggling to break through this level since June 22. Ali explained that in a downward trend, this price level often becomes resistance because short-term holders are more inclined to sell when the price falls below the entry point. The analyst warned that the market may face continued selling pressure before BTC turns this area back into support.