Bitcoin price is failing to break these 2 key resistance lines at $60K

Bitcoin is struggling to surpass two significant resistance levels at $60,000 despite a 6.2% recovery from recent lows. The 100-day moving average, a key trendline since October 2023, is proving to be a strong barrier, currently positioned at $59,930. Additionally, the short-term holder realized price (STH-RP) at $59,684 is another critical resistance point, indicating a challenging path ahead for Bitcoin bulls.