#Bitcoin❗ Price Update – Bears Maintain Pressure Below $98K
) recently faced firm rejection near the $97,895 mark, reinforcing it as a strong resistance zone. Since that bounce, the price has steadily declined, forming a consistent pattern of lower highs and lower lows on the 2-hour chart. BTC is currently trading around $95,560, down approximately 2.4% from its recent high, with a 24-hour low of $95,423.
Over the past few days, Bitcoin has made several attempts to reclaim the $98,000 level but failed to sustain momentum. This repeated rejection has created a local double-top formation—an early sign of a weakening bullish trend. While trading volume remains relatively stable, selling pressure is mounting as traders take profits from the previous rally.
If the downtrend continues, key support lies near $94,270, followed by the psychological $93,000 level. A breakdown below these zones could trigger a deeper correction. On the flip side, a strong defense of the $95K level might spark a short-term rebound toward the $96,500–$96,800 range.
For now, caution is warranted. Bitcoin appears to be in a consolidation phase, and unless it can break above $98K with conviction and volume, bearish momentum is likely to dominate.☠️💵
Trade $BTC here.☠️💵
