Bitcoin's Rally Faces Challenges as Short-Term Holders Sell Near Break-Even

Bitcoin's recent rally is showing signs of losing momentum, according to Axel Adler Jr. This comes as short-term holders are selling near break-even points after Bitcoin failed three attempts to retest its 200-day moving average, which is close to $82,100. According to NS3.AI, Adler noted that support is positioned near the short-term holder realized price of $77,900, while low trading volume has restricted breakout attempts.