According to ChainCatcher, crypto analyst Ali said on the social 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. Analysts warned that the market may face continued selling pressure before BTC converts this area back into support.