Bitcoin Faces Strong Resistance at $94,125 to $99,150
- Bitcoin is encountering heavy resistance between the $94,125 and $99,150 price range.
- Approximately 2.61 million wallet addresses have accumulated about 1.76 million BTC in this zone.
- Around 1.26 million addresses hold close to 843,000 BTC between $94,125 and $96,582.
- Another 1.35 million addresses are clustered between $96,582 and $99,146 with roughly 917,000 BTC.
- Bitcoin’s current trading price is approximately $94,147.
The significant accumulation of Bitcoin within the resistance zone of $94,125 to $99,150 indicates a formidable supply barrier that could impact its short-term trajectory. Despite this challenge, technical patterns suggest potential for future upward movement if key support levels hold steady.
Source (2.6)https://www.newsbtc.com/news/bitcoin/bitcoin-faces-make-or-break-battle-as-1-76-million-btc-cluster-between-94125-and-99150/?rand=52377
