Bitcoin is encountering a significant sell wall at $105,000, which could serve as a resistance level in the market. According to Coinglass, this sell wall may hinder Bitcoin’s upward momentum. Resistance levels are critical for traders as they indicate potential price points where selling pressure could increase. The presence of this sell wall suggests that many investors may be looking to sell their holdings at this price, which could impact Bitcoin’s ability to rise further. Market participants will be closely monitoring these levels to gauge future price movements.
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