Bitcoin Struggles to Surpass $85,000 Amidst Seller Pressure
- Bitcoin failed to break the $85,000 mark as sellers maintained resistance at current levels.
- Long-term holder supply continues to keep Bitcoin’s price from rising significantly.
- US bond yields have surged, negatively impacting both stocks and precious metals.
- The ongoing market conditions reflect a cautious sentiment among investors.
The inability of Bitcoin to surpass $85,000 highlights the influence of long-term holders on market dynamics and the impact of rising US bond yields on overall investor sentiment.
As sellers hold firm above current levels, Bitcoin remains under pressure, with long-term holder supply playing a critical role in maintaining this resistance. (Source)
