Bitcoin Dumps Below $99,000: What Does Technical Analysis Say?

Bitcoin (CRYPTO: BTC) faces significant headwinds to consistently break above $100,000, as technical indicators show the crypto king has several hurdles to overcome in the short term.

What Happened: Bitcoin is back below $99,000, falling 2.5% over the past 24 hours and trading around $98,650 at the time of writing.

According to a “Bitcoin weather report” by pseudonymous technical analyst “The Weatherman” posted on X, current price action suggests a potential retest of a trendline around $90,000.

Resistance near $99,600 …

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