Bitcoin is recovering from its recent decline, but still can't reach the coveted $100,000 mark. 📉 The price is currently above $98,000, which is 7.5% higher than the recent low. However, the "hard supply wall" between $98,000 and $100,000 is creating resistance, as many investors bought in this range.

Analyst Ali Martinez notes that more than 48,000 BTC have been withdrawn from exchanges, which reduces selling pressure. However, to confirm the bullish trend, Bitcoin needs to close above the 50-day moving average. Otherwise, a "head and shoulders" pattern may form, which could lead to a drop to $78,000. ⚠️