Bitcoin Stuck Under Resistance as Sell-Off Pressure Grows

Bitcoin remains under strong sell-off pressure, unable to break key resistance levels as short-term holders continue liquidating their positions. Despite broader bullish patterns, the immediate market outlook remains uncertain, with many investors choosing to offload holdings rather than accumulate.

Market data suggests that Bitcoin is facing difficulty gaining upward momentum due to capital outflows. Short-term holders are selling at a high rate, contributing to a rise in fear-driven sell-offs. The increased selling activity has weakened demand, limiting the potential for a recovery in the near term.

Bitcoin’s Coin Days Destroyed (CDD) indicator, which measures when long-held coins are spent, has shown a sharp increase. This suggests that recent buyers are exiting the market, with daily sell-offs reaching their highest levels in months. Many traders are uncertain about Bitcoin’s short-term direction, leading to hesitation in the market.

Investor sentiment has weakened as volatility and low demand continue to suppress accumulation. Without stronger buying interest, Bitcoin remains at risk of further declines. If the price fails to break key resistance, it could continue consolidating or drop toward lower support levels, extending losses.

However, some analysts see a possible recovery if Bitcoin can overcome current resistance and establish support at higher price levels. A successful breakout could shift momentum and lead to an upward rally, potentially reversing the recent bearish trend. For now, the market remains cautious, with traders closely watching for signs of renewed strength.