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📉 Bitcoin $BTC faces resistance before the local low
Bitcoin has not reached a local low and needs to break through resistance zones with many unprofitable positions, says CryptoQuant IT Tech collaborator.
Long-term holder groups bought near highs: ➡️ 3–6 months at $88,888
➡️ 12–18 months at $93,450
➡️ 6–12 months at $111,850.
These create selling pressure as holders aim to reach the break-even point.
IT Tech highlights $88,880 as key.
Staying above this level would return recent buyers to profitability and ease pressure.
Until Bitcoin trades above this, increases to $85,000–88,000 will be temporary.
The low remains theoretical without supporting data.