Bitcoin Faces Critical Resistance Amid Rising Sell-Side Pressure
- Bitcoin is struggling to break the $94,000 resistance and stabilize above the $90,000 mark.
- BTC rebounded from a key Point of Control around $85,000, entering a supply zone between $92,000 and $94,000.
- On-chain data shows approximately $3.6 billion in Bitcoin net inflows to exchanges over seven days.
- The weekly chart indicates BTC is trading below the weekly moving average resistance in the mid-$90,000s.
Bitcoin’s price action reflects a market caught between relief-driven buying and persistent sell-side pressure near major resistance levels. The increase in exchange inflows suggests potential sell-side risk as large holders may be positioning to sell into strength.
Whether Bitcoin can consolidate above $90,000 or faces renewed rejection will likely define its next move. The convergence of heavy inflows with testing of key resistance skews short-term risk to the downside unless buyers secure a strong close above $94,000. (Source)
