Bitcoin Breaks Historical High of $105,000? Not Necessarily! ๐จ
Bitcoin has recently surged close to $105,000, and everything seems perfect. But, hold on, the market may not be as smooth as you think.
There's more to the phenomenon:
Holders are hoarding coins like crazy, buying over 30,000 bitcoins worth $3.1 billion in the past week! ๐ธ
But! Activity has surged, LTH (Long-Term Holders) are starting to liquidate, and their selling may put pressure on the market, making things messier. ๐ฌ
Technical Perspective: The real ceiling for Bitcoin is $106,000. Even if it breaks through, it will face greater pressure afterward, and a pullback may happen! ๐