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Bitcoin struggles with resistance as short-term confidence wanes

On December 25, Bitcoin aimed for a $100,000 recovery but failed, staying below $97,000. This shortfall heightened uncertainty among short-term holders, who are crucial to market dynamics as they influence market trends and price movements.

Bearish metrics indicate ongoing downward pressure, with key resistance at $99,332. Failure to break this level could lead Bitcoin’s price to fall further to $85,851. Such bearish signals, including declining short-term holder addresses, reduce confidence in a near-term recovery.

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