Bitcoin has recovered from the decline it experienced earlier this week and is currently trading above $98,000. However, it is struggling to break through this level due to the resistance wall at $100,000. 📉

According to Ali Martinez, investors who accumulate between $98,000 and $100,000 are making these levels critical resistance lines. However, the withdrawal of 48,000 BTC from exchanges has reduced selling pressure and provided a positive development. 📈

BTC is expected to test the 50-day moving average above $97,000. Martinez states that staying above this level will confirm the end of the correction and bullish momentum. However, caution should be exercised due to the risk of a head and shoulders formation.