Bitcoin Price Faces Potential Resistance and Support Levels Amid Market Shifts

CryptoQuant analyst burakkesmeci analyzed Bitcoin short-term holder data, revealing a potential key to price fluctuations. Holders holding for one to four weeks averaged an entry price of $106,200, those with positions between one to three months had an average entry price of $87,300, and those holding for three to six months saw an average entry price of $97,500. This suggests that short-term holders could experience panic selling at their breakeven points, such as around $106,200, potentially creating resistance in the market.