Bitcoin reached an all-time high of $73,750.07 on March 14, 2024. The lowest intraday price it traded in the past year was $26,558.32 on Oct. 12, 2023. Bitcoin is up 128% year over year. The original cryptocurrency debuted in January 2009. It’s now a major asset with a market cap of $1.24 trillion.

Bitcoin (BTC) trades inside a long-term descending parallel channel. Bitcoin also deviated above the minor resistance area of $64,500. Can BTC maintain its short-term strength

Bitcoin is facing new pressures, and it shows in the market data. Both long-term and short-term holders are making moves that suggest growing weakness in Bitcoin’s price. For long-term holders, there’s been a sharp reduction in their realized cap,