Short-term investors are playing a significant role in the resistance faced by Bitcoin at the $65,000 mark. This particular group, who have held their BTC for a period of 155 days or less, find themselves in a losing position. As per information obtained from LookIntoBitcoin, the collective cost basis for these investors is estimated to be around $65,000. Consequently, it is highly probable that they will opt to sell their assets once they reach this breakeven point, in order to avoid any further losses. This selling activity is a contributing factor to the downward pressure experienced at this price level. Stay up-to-date with the most recent developments in the financial and business world by visiting COINTURK FINANCE.
