Bitcoin Price Stalls Near $65K Amid Short-Term Holder Selling Pressure

Bitcoin price has struggled to hold above $65,000, leaving its recovery vulnerable to renewed selling pressure. According to data from crypto.news, BTC is currently trading at around $64,952, about 3.7% below the short-term holder realized price of $67,523.

This gap could attract selling from holders seeking to exit near breakeven, with investors who bought above the current price potentially using a recovery toward $67,500 to reduce exposure without taking a large loss. Analyst Axel Adler Jr. expects selling pressure to increase as the market approaches the cost line.

However, the 4-hour chart shows positive momentum for Bitcoin, with the Relative Strength Index (RSI) at 61.8 and price above the Bollinger midline. A 4-hour close above the upper band could support a move toward $65,600, followed by $66,000.