Bitcoin price in most ‘challenging’ phase after repeated $72K rejections

Bitcoin enters its most psychologically challenging cycle phase as BTC sellers and rising losses signal prolonged uncertainty and potentially more pain ahead.

Bitcoin (BTC) failed to break the $72,000 resistance on Tuesday, as onchain data suggested that BTC was entering the most “challenging” phase of the cycle.

Key takeaways:

Bitcoin price stays range-bound following another rejection at $72,000.

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