Bitcoin is facing critical resistance, having failed to break above $98,000, prompting increased profit-taking among investors. For a bullish scenario, BTC must close above $95,000 on the daily chart, which it dropped below on May 4. The price has been relatively volatile, oscillating between $93,000 and $97,900 since late April. High realized profits indicate heavy selling activity by short-term holders, with over 86% of Bitcoin's supply currently in profit, suggesting heightened market risks. Analysts note that the current price zone is a 'decision point' where significant price movements could occur based on market sentiment. If Bitcoin successfully flips the $98,000 resistance to support, it could target $100,000. Conversely, failure may lead to a drop below $92,000, with significant support at $90,000, marking a convergence of key moving averages. Additionally, net inflows into Bitcoin ETFs may provide bullish support amidst prevailing bearish pressures. Investors are advised to remain cautious, as any major price fluctuations could signal either a continuation of the bullish trend or a substantial correction.

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