📉 Bitcoin: Is profit-taking pressure waiting ahead?
Data from CryptoQuant shows that a large number of BTC investors are still sitting at a loss. This unexpectedly creates major psychological “barriers” when the price shows signs of rising again:
📌 *Key points to watch:*
• $67,000 zone: Break-even point for holders from 1–3 months.
• $72,000 zone: Break-even point for the 3–6 month cohort.
• $65,000: Current market price.
*Detailed analysis:*
1. Traders’ general sentiment is to sell when the price returns to the entry point (break-even), so 67k and 72k will act as strong resistance zones, likely causing short-term pullbacks.
2. Conversely, if BTC breaks out and holds steady above these levels, that would be an extremely positive signal—showing that the buyers have completely overwhelmed the sellers.
Fellows, do you think BTC can pierce through these resistance levels in the coming week? Drop your predicted number below!
👉 Read the news, make a decision — Follow the Channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#BTC #Bitcoin #Crypto #CryptoMarket #Trading $BTC
Data from CryptoQuant shows that a large number of BTC investors are still sitting at a loss. This unexpectedly creates major psychological “barriers” when the price shows signs of rising again:
📌 *Key points to watch:*
• $67,000 zone: Break-even point for holders from 1–3 months.
• $72,000 zone: Break-even point for the 3–6 month cohort.
• $65,000: Current market price.
*Detailed analysis:*
1. Traders’ general sentiment is to sell when the price returns to the entry point (break-even), so 67k and 72k will act as strong resistance zones, likely causing short-term pullbacks.
2. Conversely, if BTC breaks out and holds steady above these levels, that would be an extremely positive signal—showing that the buyers have completely overwhelmed the sellers.
Fellows, do you think BTC can pierce through these resistance levels in the coming week? Drop your predicted number below!
👉 Read the news, make a decision — Follow the Channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#BTC #Bitcoin #Crypto #CryptoMarket #Trading $BTC