Bitcoin Faces Potential Resistance Near $100,000 Level
- Bitcoin long-term holders (LTHs) may start selling near $100,000 due to a 350% unrealized profit margin.
- LTHs have accumulated over 254,000 BTC since prices reached the $90,000 range last month.
- A significant number of coins were acquired between $95,000 and $98,000.
- Bitcoin is currently trading at $96,675.
Crypto analytics firm warns that Bitcoin may encounter strong resistance as it approaches the $100,000 mark. Long-term holders could sell due to high unrealized profits, creating potential market pressure. Bitcoin’s current trading price is $96,675.
Source (2.6)https://dailyhodl.com/2025/05/03/analytics-firm-issues-bitcoin-alert-says-btc-approaching-area-of-heavy-sell-side-pressure-here-are-the-targets/?rand=59076
