★Bitcoin looks ready to break $70k — but one group decision keeps capping the rally
"Bitcoin's repeated failure to decisively breach $70k, despite improving macro conditions, signals a persistent structural supply overhang or strategic selling by a significant holder group. This sustained resistance point is diverting institutional capital flows, as conviction for a breakout remains muted, impacting broader market sentiment and altcoin performance. Until this internal constraint is resolved, upside momentum will likely remain capped, influencing portfolio allocations."
The Big Coin Report Take
Bitcoin is once again knocking on the $70,000 door, seemingly eager to retest its resolve. However, the same old selling pressure continues to greet it there, suggesting the market's internal issues remain unresolved despite any macro tailwinds.
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