๐ Bitcoin (BTC) Approaches $110K but Faces Strong Resistance ๐ฅ
Bitcoin came close to touching the $110,000 mark after the news about the end of the U.S. government shutdown and Donald Trumpโs proposed $2,000 tariff dividend. ๐บ๐ธ๐ธ
However, the rally stalled as BTC was rejected near $107,000, failing once again to break the key psychological barrier at $110,000. ๐ฌ
๐ According to CryptoQuant analyst XWIN Research, there are three main reasons why Bitcoin couldnโt push past this level:
1๏ธโฃ Macro pressure holding the market back.
2๏ธโฃ Regulatory uncertainty weighing on sentiment.
3๏ธโฃ Selling pressure from long-term holders (LTH).
The analyst explained that ongoing macroeconomic challenges are capping Bitcoinโs upside. While the Federal Reserve did lower interest rates in October, Chairman Jerome Powell later stated in December that further cuts arenโt guaranteed, cooling market optimism. ๐ฆ๐
This shift in expectations reduced appetite for risk assets like BTC, triggering a wave of profit-taking.
โ๏ธ On the regulatory side, while the Trump administration appears crypto-friendly through the GENIUS Act and several pro-crypto appointments, state-level restrictions and market volatility concerns continue to create uncertainty.
In summary, despite having bullish catalysts, factors such as macro headwinds, regulatory ambiguity, and weak market sentiment are preventing Bitcoin from breaking through $110,000.
๐ฅ The analyst added that for BTC to resume its climb, the market will need:
โ Stronger ETF inflows,
โ Clearer regulations, and
โ Reduced selling by long-term holders.
He also pointed out that the $107,000โ$118,000 zone will remain a crucial resistance range in the short term. ๐๐ง #BTC #bitcoin
