Bitcoin price in most ‘challenging’ phase after repeated $72K rejections
Bitcoin enters its most psychologically challenging cycle phase as BTC sellers and rising losses signal prolonged uncertainty and potentially more pain ahead.
Bitcoin (BTC) failed to break the $72,000 resistance on Tuesday, as onchain data suggested that BTC was entering the most “challenging” phase of the cycle.
Key takeaways:
Bitcoin price stays range-bound following another rejection at $72,000.