According to Odaily, IntoTheBlock has reported that Bitcoin has faced multiple rejections while attempting to rise. The reason behind this is that within the current price range up to $65,000, there are 3.5 million addresses that have purchased Bitcoin and are currently at a loss. In this uncertain market, these addresses could create significant sell-off pressure once they reach the break-even point. For a real breakthrough, Bitcoin needs to surpass the resistance at $65,000.
