Bitcoin Confirms Bearish Structure After $98,000 Rejection — Here's The Next Potential Target

Bitcoin Faces Bearish Outlook as Key Resistance Holds Firm

Bitcoin’s recent price action has painted a bearish picture, with the cryptocurrency facing strong rejection near the $98,000 mark. This has led traders to shift their focus towards potential downside targets, as the key resistance level continues to hold firm. The failure to reclaim the $94,000–$98,000 neckline resistance has reinforced the bearish market structure, with sellers remaining firmly… Source

Bitcoin Confirms Bearish Structure After $98,000 Rejection — Here's The Next Potential Target

Bitcoin has reaffirmed its bearish structure after strong rejection near $98,000, signaling that sellers remain firmly in control. With key resistance holding and momentum tilting lower, traders are now shifting focus to where the price could head next if the downside continues to unfold. Neckline Rejection Locks In A Bearish Bias Crypto analyst Crypto Patel, in a recent post on X, pointed out that Bitcoin has firmly rejected the $94,000–$98,000…