Short-term holders of Bitcoin are expected to play a significant role in the cryptocurrency's potential climb toward the $75,000 mark. These investors could exert selling pressure at crucial resistance levels, particularly around the $69,000 range.
This resistance level might slow down Bitcoin's rally, possibly affecting its upward trajectory and creating volatility in the market.
Understanding the behavior of these investors is key to anticipating potential market movements and price adjustments for Bitcoin in the near term.
