Bitcoin's price has been trading within a narrow range since reaching a new all-time high of $103,647 on December 5. It has faced resistance at $101,509 and found support at $94,306. The negative Hodler Net Position Change suggests that long-term Bitcoin holders have been actively selling their holdings, which may contribute to the price consolidation. The decline in these investors' coin-holding periods also indicates profit-taking habits. At the moment, Bitcoin is trading around $98,000 and may struggle to break the $100,000 price mark. If selling pressure intensifies, the price could test support at $94,306, while renewed accumulation by long-term holders could drive a rally above $100,000.



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