IntoTheBlock: Bitcoin faces strong resistance at $97,200

2025-02-12 17:48:34

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ChainCatcher news, IntoTheBlock posted on platform X stating: "Historically, 1.6 million addresses have purchased a total of 1.57 million BTC at an average price of $97,200, which is now forming a resistance level. These holders, currently in a loss position, may sell near the breakeven point in the face of market uncertainty, increasing selling pressure and complicating any apparent upward breakout."

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Bitcoin resistance level sell-off

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