Bitcoin Long-Term Holders Stay Resilient, But Profits Haven’t Fully Arrived – Here’s What To Know
NegativeCryptocurrency
- Bitcoin's price has struggled to maintain a position above the pivotal $90,000 mark, with long-term holders yet to see significant profits despite their resilience. Over the past week, the cryptocurrency has fluctuated below this critical level, reflecting ongoing bearish market conditions.
- The inability of Bitcoin to break through this resistance level is concerning for long-term investors, as many are still waiting for a profit condition that would justify their investment. This stagnation may lead to increased anxiety among traders and investors.
- The current market dynamics highlight a tension between long-term holders and short-term traders, with the latter having achieved profitability for a significant portion of the year. Analysts are warning of potential further declines, while some indicators suggest a tightening market that could lead to a breakout, creating uncertainty about Bitcoin's future trajectory.
— via World Pulse Now AI Editorial System
