Bitcoin Faces Major Resistance Between $95,400 and $98,200 According to Analysts

Key Findings

• Major supply wall identified between $95,400 and $98,200.
• Approximately 2.29 million addresses purchased 1.66 million BTC in this range.
• This range indicates many investors are currently at a loss, which may influence their selling decisions.
• Past price volatility has left holders eager for a price recovery to their break-even point.
• Current Bitcoin price is around $90,700 after recent fluctuations.

The dynamics of buying and selling among these underwater holders could create significant resistance if the price approaches the identified supply wall.