Technical analysis by Jordan-Fx6 about Symbol BTC: Sell recommendation (5/21/2025)

To determine the reason behind selling BTCUSD at $107,011.37, let's examine current market conditions and possible factors influencing this decision.*Possible Reasons:*- *Resistance Level*: $107,011.37 might be acting as a resistance level, where Bitcoin's price faces selling pressure or struggles to break through. This level could be influenced by historical price movements or technical indicators.- *Profit-Taking*: Investors might be selling Bitcoin at this price range to secure profits, especially after recent gains. Bitcoin's price has surged 54.96% in the past year, making $107,011.37 a potential profit-taking point.-