Bitcoin News Today: Bitcoin Must Stay Above $98K to Avoid Bearish Breakdown Experts Warn

Experts have warned that Bitcoin’s price must remain above $98,000 to avoid a potential bearish breakdown, according to a recent analysis by Markets and Prices Bitcoin News. This level is identified as a critical support threshold, with a breach potentially triggering a prolonged downward trend amid ongoing cryptocurrency market volatility. Analysts emphasize that maintaining a price above $98,000 could reinforce bullish momentum, while a failure to do so may intensify selling pressure and undermine investor confidence [1].

The alert highlights Bitcoin’s precarious position as it fluctuates near key psychological and technical levels. A decline below $98,000 could invalidate the current bullish narrative and expose the asset to further declines toward lower support zones. This scenario has raised concerns among traders and investors, particularly as Bitcoin remains highly sensitive to macroeconomic developments and regulatory updates. The focus on this specific level underscores the pivotal role of technical analysis in shaping short-term market sentiment.

A bearish breakdown could reignite debates about Bitcoin’s dual identity as both a speculative asset and a potential safe-haven investment, especially during global equity market corrections. Long-term holders and institutional investors are closely tracking on-chain metrics such as exchange outflows and open interest to assess recovery potential. However, without robust data on trading volumes or positioning shifts, the analysis relies heavily on historical price patterns [1].

The warnings align with broader discussions about Bitcoin’s evolving market maturity. While some observers argue the asset is becoming more resilient to sharp corrections, others caution that its inherent volatility remains unchanged. The $98,000 level has historically functioned as a psychological barrier, making its current relevance a focal point for traders. Analysts stress the importance of distinguishing technical analysis from fundamental drivers, noting that price action alone does not account for macroeconomic factors such as interest rates or global demand for digital assets [1].

Source: [1] [Bitcoin Must Stay Above $98K to Avoid Bearish Breakdown, Experts Say – Markets and Prices Bitcoin News] (https://news.bitcoin.com/bitcoin-must-stay-above-98k-to-avoid-bearish-breakdown-experts-say/)