From Investing.com: 2024-07-10 14:30:22

The price of Bitcoin (BTC) is testing a major resistance level, attracting high market speculation among traders and investors anticipating potential breakthroughs or pullbacks. Analysts identify key resistance levels BTC must surpass to sustain its upward momentum, with the price stabilizing after recent volatility. Short-term holders are currently facing losses as BTC struggles to break resistance at $59,000. Glassnode reports the steepest decline since late 2022, with short-term holder losses totaling over $595 million, highlighting the severity of the market decline.

Read more at Investing.com: Bitcoin (BTC) Eyes Major Resistance Amid Market Speculation: Details By U.Today