According to TechFlow, on September 1, cryptocurrency analyst Ali published an analysis on the social platform X, pointing out the key price resistance currently faced by Bitcoin (BTC). 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 downtrend, this price level often acts as 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 re-converts this area into support.
