According to reports, Bitcoin has reached a price level that previously triggered profit-taking by long-term holders. This zone acted as resistance during past rallies. However, the current rate of selling by these long-term holders is reportedly slower compared to 2023. The development suggests a potential shift in sentiment among long-term Bitcoin investors as they approach a key sell zone. It remains to be seen if this reduced selling pressure will impact Bitcoin's ability to break through this resistance level.

According to reports, Bitcoin has reached a price level that previously triggered profit-taking by long-term holders. This zone acted as resistance during past rallies. However, the current rate of selling by these long-term holders is reportedly slower compared to 2023. The development suggests a potential shift in sentiment among long-term Bitcoin investors as they approach a key sell zone. It remains to be seen if this reduced selling pressure will impact Bitcoin's ability to break through this resistance level.