Update
Bitcoin Struggles to Break Higher Despite Aggressive Buying
Bitcoin (BTC) has struggled to sustain upward momentum despite aggressive buying over the past 48 hours. Sellers have absorbed the buying pressure, pushing prices toward the $80,000 zone amid ongoing resistance. The pattern, known as the 'Pac-Man effect,' suggests sellers may be using bullish buying pressure to offload positions, raising concerns about a potential bull trap. Bitcoin order flow data indicates significant buying activity but insufficient price action, indicating sustained selling pressure despite robust demand.