Bitcoin Faces Key Resistance at $63,250 šØ
The crypto analyst Ali posted on the social platform X, highlighting that Bitcoin ($BTC ) is currently facing a key price resistance level. The Short-Term Holder Realized Price is currently around $63,250, and since June 22, BTC has struggled to break above this level.
Ali explained that during a #downtrend , this price level often acts as resistance because when the price falls below the entry point, short-term holders are more likely to sell. The analyst warned that the market may face continued selling pressure until BTC can turn this area back into a support level.
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