The price of Bitcoin has successfully reached the key level of $98,000.

This is the area of dense support that was formed during the previous pullback from $100,000. If it can stabilize here and fully absorb the selling pressure above, the upward momentum is expected to continue building.

Additionally, the continued net inflow of funds into Bitcoin spot ETFs provides strong buying support for the market, further enhancing the possibility of breaking through the $100,000 mark.

As the tug of war between bulls and bears enters a critical stage, the offensive and defensive situation at this important resistance level will become key in determining the trend of the market.