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 neckline resistance, a move that reinforces a bearish market structure. The rejection signals that sellers remain firmly in control, with the failure to reclaim this zone preventing any meaningful shift in momentum. Related Reading: Global Liquidity Says Bitcoin Is Extremely Undervalued – Here’s The ‘Real’ Figure From a techn...