Bitcoin is struggling at a critical resistance level of 105,000 USD, raising concerns about selling pressure as it has recently declined from its highs of 124,000 USD.
Key metrics, including the NVT Ratio at 33.8 and Transaction Count at 97,000, are dropping, reflecting reduced market engagement and declining confidence among traders.
The overall market sentiment has turned bearish, causing heightened fear and uncertainty among Bitcoin’s investors, especially as smaller holders accumulate while larger entities sell.
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