Bitcoin remains bullish around the $98,000 mark, drawing attention from traders and market analysts despite volatility. As traders adopt a cautious stance while awaiting more affirming price movements, the tight trading channel for BTC/USD signals a stronger support level. Prominent traders suggest that spot-market demand is robust, allowing Bitcoin to stabilize amidst recent market turbulence. Analysts like Rekt Capital note an expected breakout of the Relative Strength Index (RSI) in the coming days, indicating potential upward momentum. However, trading firm QCP Capital warns that external geopolitical tensions could pose risks for Bitcoin's stability, suggesting a prudent approach due to the absence of immediate catalysts that might propel prices significantly higher. Overall, while demand appears strong, market uncertainty calls for vigilance.

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