Bitcoin is currently facing strong resistance at the $99,900 level, with accumulating long-term holders suggesting potential selling pressure as the price approaches this crucial threshold. While Bitcoin nears this key resistance, market sentiment remains cautious, as indicated by a drop in the Coinbase Premium Gap. 88% of Bitcoin supply has realized profits, hinting at a strong market position and potentially leading to accumulation near $99,900. However, long-term holders’ behavior will play a significant role in this price movement. 350% unrealized profit levels are typically when these long-term holders start distributing their holdings. This pattern suggests the upcoming break may trigger selling behavior that could influence Bitcoin’s next trajectory. Experts predict a potential shift towards $100,000 following a successful resistance break, but caution remains due to historical trends suggesting bearish MACD signals before breaking new thresholds. Analysis of Bitcoin’s position highlights both technological advancements and market developments.