Bitcoin's price has been trading below $100,000 for over two weeks and there are indications that it may continue to stay below this critical price level. Despite recently surpassing $1 trillion in market capitalization, Bitcoin's price performance has been lackluster and it remains trapped in a tight range. Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest a bearish bias and potential further downside or consolidation before a trend shift. At the time of writing, Bitcoin is trading at $96,248 and risks breaking out of its narrow range in a downward trend. However, a resurgence in bullish pressure could invalidate this bearish projection and push Bitcoin's price above $100,000.



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