📍 $BTC hitting resistance near $85k — sellers stepping in hard.
Who's dumping? The bagholders who spent most of the year underwater. Classic capitulation zone.
They held through the pain, now they're exiting at breakeven or slight profit. Weak hands shaking out before the next leg.
Watch this level closely. If we break through, it's supply exhaustion. If we reject, expect a flush back to $80k support.
Psychology > technicals at these levels.
Who's dumping? The bagholders who spent most of the year underwater. Classic capitulation zone.
They held through the pain, now they're exiting at breakeven or slight profit. Weak hands shaking out before the next leg.
Watch this level closely. If we break through, it's supply exhaustion. If we reject, expect a flush back to $80k support.
Psychology > technicals at these levels.