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Bitcoin Faces Wall at $107K, Thanks To Mid-Term Holders’ Dumping

Avatar photo Sonny S. Watts 2 months ago

Bitcoin price held above $106,000 on June 17 but faced strong resistance near the $107,000 level. Price action remained constrained within a narrow band, with daily candles reflecting waning bullish momentum amid persistent supply pressure at the top of the recent range. Meanwhile, institutional demand appears to be recovering. According to CoinShares, Bitcoin investment vehicles […]

The post Bitcoin Faces Wall at $107K, Thanks To Mid-Term Holders’ Dumping appeared first on Coinchapter.

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Sonny S. Watts is a Bitcoin miner and energy researcher, Sonny delves into the sustainability of Bitcoin mining, its energy consumption, and innovations in renewable-powered mining solutions.