Bitcoin is currently approaching a significant sell wall around the 99k level. This resistance zone could present meaningful downside pressure before any potential breakout. Beyond this initial barrier, another notable sell wall emerges in the 103k region. Understanding these overhead supply zones is key for traders planning entries and exits. These price levels represent accumulated selling interest and historically tend to act as temporary obstacles for upward momentum. Monitoring volume and price action around these thresholds will be crucial in determining whether BTC can overcome these resistance points or faces consolidation.
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Bitcoin is currently approaching a significant sell wall around the 99k level. This resistance zone could present meaningful downside pressure before any potential breakout. Beyond this initial barrier, another notable sell wall emerges in the 103k region. Understanding these overhead supply zones is key for traders planning entries and exits. These price levels represent accumulated selling interest and historically tend to act as temporary obstacles for upward momentum. Monitoring volume and price action around these thresholds will be crucial in determining whether BTC can overcome these resistance points or faces consolidation.