#Bitcoin Price Update – Bears Maintain Pressure Below $98K

Bitcoin ($BTC) was firmly rejected at the $97,895 mark, a key resistance level that has held strong. Since then, the price has been on a gradual decline, forming a clear pattern of lower highs and lower lows on the 2-hour chart. The 24-hour low has dropped to $95,423, with BTC currently trading near $95,560—about 2.4% below its recent high.

Over the past few days, BTC has made multiple attempts to break above $98,000 but has failed to sustain any upward momentum. This area has now formed a local double-top pattern, indicating a potential shift in trend and weakening bullish sentiment. While trading volume remains stable, selling pressure is starting to increase as traders secure profits from earlier gains.

If the downtrend persists, the next key support levels to watch are around $94,270 and the psychological $93,000 mark. A decisive move below these could trigger a deeper pullback. On the other hand, if bulls can hold the $95K level, a short-term rebound toward the $96,500–$96,800 range is possible.

At this stage, caution is advised. BTC appears to be in a consolidation phase, and unless it breaks above $98K with strong volume, the bears are likely to stay in control.

Trade $BTC here.

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