Odaily Planet Daily News 📢 Crypto analyst Ali shared his views on the current market of Bitcoin on the X platform. Ali pointed out that the key price resistance currently faced by Bitcoin is around $63,250. BTC has been struggling to break through this level since June 22.

Ali explained that this price level is particularly important for short-term holders because short-term holders are more inclined to sell when the price falls below the entry point, making this area a resistance level in the downward trend.

Analysts warned that the market may face continued selling pressure before Bitcoin re-converts the $63,250 area into support. However, in the long run, Ali remains optimistic about the prospects of Bitcoin. 🚀