Bitcoin's recent price increase faced immediate resistance due to spot selling, according to reports. On-chain data suggests significant supply limits and insufficient demand are contributing factors. The market's inability to sustain the price surge indicates that investors holding Bitcoin at a loss are taking the opportunity to sell, thereby capping further upward movement. This selling pressure is preventing Bitcoin from breaking through resistance levels and establishing a new, higher trading range, according to reports.

Bitcoin's recent price increase faced immediate resistance due to spot selling, according to reports. On-chain data suggests significant supply limits and insufficient demand are contributing factors. The market's inability to sustain the price surge indicates that investors holding Bitcoin at a loss are taking the opportunity to sell, thereby capping further upward movement. This selling pressure is preventing Bitcoin from breaking through resistance levels and establishing a new, higher trading range, according to reports.