Bitcoin Struggles to Break $70K as Traders Eye Lower Highs and Seller Resistance

Bitcoin‘s recent price movements have been characterized by a pattern of lower highs, with attempts to reach all-time highs being consistently thwarted by sellers. This pattern has caught the attention of traders, who are monitoring the market closely. Data from Cointelegraph Markets Pro and TradingView indicates that the $70,000 mark has been a significant resistance level for Bitcoin’s price rebound in July. Despite hopes among Bitcoin bulls for a return to the $73,800 all-time high reached in March, sellers have kept the market in check. Traders are now noting this repeated phenomenon, which has resulted in Bitcoin’s price being pushed

Source: CryptoIntelligence