Looking at this position of Bitcoin, the sellers seem to be holding their ground and are reluctant to let the price break new highs. The selling pressure here is quite evident, and the bulls will need to put in more effort to break through the resistance.
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rugpull_survivor
· 12-19 19:42
Such strong selling pressure, how can the bulls possibly break through? We have to wait for institutional investors to enter the market.
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Layer2Observer
· 12-19 19:41
Let me see the data on selling pressure — is it really that obvious, or are we starting to tell stories again?
Looking at this position of Bitcoin, the sellers seem to be holding their ground and are reluctant to let the price break new highs. The selling pressure here is quite evident, and the bulls will need to put in more effort to break through the resistance.