Analysis: Bitcoin price has not yet broken through the key resistance level, and the behavior of short-term holders may determine the trend

ChainCatcher news, crypto analyst Ali stated on social media that Bitcoin is currently facing a key price resistance level. Ali emphasized that the Short-Term Holder Realized Price is currently around $63,250, and BTC has struggled to break through this level since June 22.

Ali explained that in a downtrend, this price level often becomes a resistance, as short-term holders are more likely to sell when the price falls below their entry point. The analyst warned that the market may face continued selling pressure until BTC reverts this area into a support level.