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Bitcoin Needs to Break 99k Now - or Else!

Bitcoin tradingview.com/chart/?symbol=COINBASE:BTCUSD is locked in a showdown at 98K, staring down the 99K resistance that slapped it back last Friday. This isn't just any resistance—it’s the boss fight of the current rally. A double bottom at 97K had traders calling it a breakout signal, fueled by Golden Candle alerts (shoutout to our "The Golden Candle" Indicator). The rally from 92K last week had everyone partying, but our trusty Bagholder Detector shows some serious profit-taking vibes as bagholders pile up around 98-99k zone.

On the technical side, the 4-hour RSI is hovering just below overbought territory, while the MACD signals waning bullish momentum. To keep the rocket fuel burning, Bitcoin needs to smash through 99K like a bull in a china shop, or risk descending into consolidation limbo. With institutional buying ramping up and rumors of new crypto ETF approvals swirling, the stage is set—the party either goes to 108K or I'm going to throw a wet noodle at the wall and see if that will stick at least.

btclongBTCUSDChart PatternscryptomarketTechnical IndicatorsTrend Analysis

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