Bitcoin is facing downside pressure due to high fees and a full mempool, with Binance pausing BTC withdrawals. Miners are still selling their holdings, indicating that the 2022 bear market is still in play. Traders are watching for important levels, with $27,300 seen as a line in the sand and the 50-day EMA as a potential support zone. On the other hand, Bitcoin miners continue to deal with the consequences of the 2022 bear market, with BTC reserves they hold at a two-year low.