Bitcoin Trapped Below Key Resistance as Bearish Sentiment Persists

Bitcoin's price remains under pressure as it trades below key higher-timeframe resistance and the 100-day (~$68K) and 200-day (~$72K) moving averages.

This bearish alignment confirms that sellers still control the broader trend, despite stabilizing above an important support region.

The latest recovery attempt has coincided with an uptick in the Exchange Whale Ratio, signaling increased CEX whale activity that raises volatility risk for the crypto market and limits near-term upside.