Previously, we highlighted the challenge for Bitcoin in breaking above the $110,000 level —
and now on-chain data is reinforcing that expectation.
🔍 A significant portion of long-term holders (3+ years) have been taking profits near this zone,
creating a strong resistance between $100K–$110K.
💡 For now, there's room for short-term range trading within this band,
but for the next major bullish leg to begin, we may need to see a deeper pullback —
possibly toward the $93,000 level.
📌 That zone could offer a healthier base for the next upward move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.