With the Bitcoin price hitting roadblock after roadblock , the next direction looks to be down, with sell pressure mounting up. There have also been crashes below major support levels, such as $112,000, that continue to hinder the growth of the digital asset. This has turned these former support levels into resistance, and one in particular remains a hindrance to the uptrend. If the resistance at $114,000 continues to hold, then Bitcoin investors may be in for a terrible time.
Bitcoin Price Remains At Risk Of Crash
According to crypto analyst BitBull, the recent rejection of the Bitcoin price from the resistance before $114,000 is a major source of concern. This has cast a shadow over every recovery that the Bitcoin price has staged recently, with the bears still holding a significan