TechFlow reports that on September 1, crypto analyst Ali posted an analysis on social platform X, pointing out that Bitcoin (BTC) is currently facing a key price resistance level. The realized price for short-term holders stands around $63,250, and BTC has struggled to break above this level since June 22.
Ali explained that during downtrends, this price level often acts as resistance because short-term holders tend to sell when the price falls below their entry points. The analyst warned that the market may face continued selling pressure until BTC reclaims this zone as support.
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