To determine the reason behind selling BTCUSD at $107,011.37, let's examine current market conditions and possible factors influencing this decision.
*Possible Reasons:*
- *Resistance Level*: $107,011.37 might be acting as a resistance level, where Bitcoin's price faces selling pressure or struggles to break through. This level could be influenced by historical price movements or technical indicators.
- *Profit-Taking*: Investors might be selling Bitcoin at this price range to secure profits, especially after recent gains. Bitcoin's price has surged 54.96% in the past year, making $107,011.37 a potential profit-taking point.
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*Possible Reasons:*
- *Resistance Level*: $107,011.37 might be acting as a resistance level, where Bitcoin's price faces selling pressure or struggles to break through. This level could be influenced by historical price movements or technical indicators.
- *Profit-Taking*: Investors might be selling Bitcoin at this price range to secure profits, especially after recent gains. Bitcoin's price has surged 54.96% in the past year, making $107,011.37 a potential profit-taking point.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my telegram Chanel for vip signals and trading education
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.