The price recovery of Bitcoin above $100,000 may face resistance because more coins are being moved to exchanges, indicating increased selling pressure. The exchange reserve of BTC has been steadily increasing since February 6, with 2.47 million BTC held in exchange wallets currently. This rising exchange reserve suggests that selling activity is preventing a strong breakout, and if it continues, it could trigger a downside breakout and price correction. Additionally, there has been a significant selloff among BTC whale addresses, further intensifying selling pressure. The coin's price could test support at $95,650, or if demand increases, it could break above resistance at $98,663 and potentially reach its all-time high of $109,356.



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