The $108K Wall: Where Long-time Holders Unload Their Bitcoins

Bitcoin’s price surged after the US Senate passed a bill to reopen the government, but the rally quickly stalled near a critical resistance level at $108,000. Analysts attribute the sluggish upward momentum to ongoing selling pressure from Long-Term Holders (LTHs), who have liquidated over 370,000 BTC since July. Key Resistance Level Holds Strong Bitcoin’s price spiked by $2,000 around 1:30 am UTC on Tuesday, reaching approximately $107,500 after the US Senate passed the government shutdown resolution. This marked the highest price level in a week, since November 4 source: https://beincrypto.com/the-108k-wall-where-long-time-holders-unload-their-bitcoins/