Bitcoin has seen significant growth under the "Uptober" trend, with prices rising since the start of October. This follows a difficult September where investors capitalized on the positive October sentiment by buying during price drops.
Despite the upward trend, short-term holders (STHs) are contributing to increased selling pressure by selling at local highs. This behavior has established a strong resistance near the $68,000 mark.
The challenge now lies in whether Bitcoin can maintain upward movement and meet buyers' demands without succumbing to the existing resistance created by selling activities.
