Bitcoin's price rally paused just below $106,600, a significant level where 31,000 BTC is held by investors who purchased them at that price on December 16. This substantial supply cluster has remained intact, with holders showing no signs of selling or buying additional BTC at lower prices to reduce their average cost (averaging down). As a result, $106,600 emerges as a key level to monitor in the short term. If Bitcoin's price approaches this point again, it could face strong selling pressure, potentially acting as a resistance barrier that hinders further upward movement.

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