On-Chain Analysis Identifies Key Factor Preventing Bitcoin Breakout to $100K ...0

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source : the crypto basic ( Middle East ) () 42
As Bitcoin faces bearish pressure on the path to its next milestone, on-chain analysis has identified one reason behind its inability to reach the level. In Bitcoin news today, BTC's recent price action has been nothing short of remarkable, especially as it approached the $100,000 mark. Despite reaching a peak of $99,800 on Nov. 22, the leading cryptocurrency failed to breach the psychological milestone, correcting slightly since then.  Heavy Profit-Taking by Long-Term Holders Several on-chain indicators and expert analyses suggest the reasons behind this resistance. A recent commentary from on-chain analyst Checkmate revealed a major factor in Bitcoin’s struggle to surpass $100,000: heavy

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