Bitcoin faced rejection near the $98,000 mark as spot traders showed signs of exhaustion and short-term investors capitalized on profits. According to reports, the activity suggests a potential shift in market dynamics. The question now is whether bears will maintain their defense of this resistance level as the weekend progresses. The development highlights the ongoing volatility and competitive forces within the Bitcoin market, where the balance between buying and selling pressure can rapidly change.

Bitcoin faced rejection near the $98,000 mark as spot traders showed signs of exhaustion and short-term investors capitalized on profits. According to reports, the activity suggests a potential shift in market dynamics. The question now is whether bears will maintain their defense of this resistance level as the weekend progresses. The development highlights the ongoing volatility and competitive forces within the Bitcoin market, where the balance between buying and selling pressure can rapidly change.