The Bitcoin price is encountering significant resistance around the $100K mark even as it sees substantial institutional inflows. This resistance is partly due to the intensified selling from long-term holders of Bitcoin. Despite this, major entities like MicroStrategy and various Bitcoin ETFs continue to buy significant amounts of Bitcoin.
The question of whether Bitcoin prices will eventually reach $110K or drop to $90K hinges on a number of factors. Primary among them is the current selling pressure from those long-term holders, which has constrained Bitcoin’s upward momentum.
For Bitcoin to break past the current resistance, a shift in the selling dynamics may be necessary, or an even larger influx of institutional investment might be required to counterbalance the ongoing sell-offs.
