Since reaching a weekly high of $88,752 on March 24, Bitcoin price has formed a series of lower highs and lower lows in the 1-hour time frame chart. As the end of the week approaches, Bitcoin price has failed to break above the $88,000 resistance, reducing the chance for a $90,000 retest before the end of Q1. One major reason for Bitcoin’s current price struggles is constant sell-side pressure from short-term holders (STHs) or investors holding coins for less than 155 days. Glassnode's “The Week On-chain” newsletter noted that the current Bitcoin cycle has witnessed a “top heavy” market where investors who purchased ... (full story)