$BTC

The leader of the cryptocurrency market - BTCUSD

- has been facing increased bearish pressure in the last few days.

If the trend does not reverse, the coin's decline may continue.

Over the past few days, long-term holders (LTH) of Bitcoin have been actively selling their savings. Against the background of these sales, BTC is declining and has already lost the $100,000 level.

This group of investors is usually considered a guarantee of cryptocurrency stability. That is why Bitcoin reacts so sensitively to LTH actions, succumbing to bearish pressure.

If the sentiment in the cryptocurrency market improves and BTC can consolidate above $105,000 as a new support, then the bearish forecast will be canceled. In this case, the coin may head to its ATH at $109,699, which will open the way for a new rally and strengthen investor confidence.

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