The price of Bitcoin soared after the U.S. Senate approved a bill to reopen the government, but the rally quickly stalled near a critical resistance level of $108,000.

Analysts attribute the slow bullish momentum to ongoing selling pressure from long-term holders (LTH), who have liquidated more than 370,000 BTC since July.

$BTC

BTC
BTC
95,350.4
-3.95%