3 reasons Bitcoin struggles to overcome each new overhead resistance level
Market Intelligence Analysis
AI-PoweredBitcoin is facing challenges in surpassing new overhead resistance levels due to increased selling pressure from long-term holders and a strengthening US dollar, which is prompting investors to lower their risk exposure. This situation indicates a potential struggle for Bitcoin to regain upward momentum in the near term.
Market impact analysis based on bearish sentiment with 87% confidence.
Article Context
Bitcoin’s momentum loss continues as long-term holders add to market selling pressure, and rising US dollar strength leads investors to reduce their exposure to risk.
Analysis and insights provided by AnalystMarkets AI.