Bitcoin is currently trading around 98,200 USD, facing strong resistance between 97,500 USD and 99,800 USD. Over 924,000 wallets hold 1.19 million BTC in this zone, indicating significant sell pressure as it nears the 100,000 USD mark.
If Bitcoin breaks through the 100,000 USD resistance, it could ignite a bullish trend. However, failing to do so might lead to a retreat to key support levels around 92,000 USD and increased selling pressure.
Bitcoin has experienced a 15% drop recently, with a 6% recovery, showcasing its volatility. Investors are closely monitoring these trends as the potential for MAJOR market Movement looms.