Analysis: Bitcoin has not yet broken through key resistance levels, short-term holders' behavior may determine the trend

BlockBeats news, on September 1, crypto analyst Ali said on the social platform X that Bitcoin is currently facing a key price resistance level. Ali emphasized that the Short-Term Holder Realized Price is currently around $63,250, and BTC has been struggling to break through this level since June 22.

Ali explained that in a downward trend, this price level often becomes resistance because short-term holders are more inclined to sell when the price falls below the entry point. Analysts warn that the market may face continued selling pressure before BTC re-converts this area into a support level.