#bitcoin $BTC is currently showing signs of exhaustion after a recent push near $98,000. The price has steadily declined from its peak at $97,895, and now sits at $95,560, just barely above its 24-hour low of $95,423. This isn’t a dramatic crash, but the consistent presence of red candles paints a picture of weakening bullish momentum and cautious selling pressure.
The 2-hour chart reveals a slow but steady downtrend, with lower highs forming after that peak — a classic sign that buyers are taking a breather or running into strong resistance. The key here is the lack of strong bounces; even the green candles are short-lived and quickly overtaken by selling.
Right now, the trend leans bearish in the short term. If Bitcoin can’t hold above $95,200, we might see a further slide toward $94,000 or even lower. But if the price stabilizes and buyers return around current levels, we could see a relief bounce, potentially back to $96,500.
The market tone is cautious — not in panic, but clearly in pullback mode. For bulls to regain control, they’ll need a strong reversal signal soon. Until then, the path of least resistance looks slightly downward.
