Bitcoin price has not been able to climb to new all-time highs, struggling to rise above The price of Bitcoin has not been able to rise to a new record high and still has not managed to pass $73,750. This trend depicts a bigger struggle in the market especially in the attempt to manage profit margins and resistance levels.
Resistance from Holder Distribution
According to IntoTheBlock, Bitcoin has a significant weakness in terms of holders’ distribution depending on the profit/loss zones. This analysis reveals how these different positions alter the behaviour of the crypto market.
More so, from this analysis, approximately seven million Bitcoin addresses currently hold coins at a loss, primarily purchased at price levels between $61,700 and $70,500. This cohort represents a substantial portion of Bitcoin holders poised to sell their holdings as prices approach their original purchase costs.
Around 7 million BTC addresses are currently at a loss, with most of the coins bou
We współpracy z: https://www.thecoinrepublic.com/2024/09/03/bitcoin-price-struggles-holders-await-break-even-points/
