The price of Bitcoin has entered a pullback phase, with sellers eyeing the $98,664 level as bullish momentum fades. The surge following Donald Trump's inauguration briefly pushed Bitcoin to a new all-time high of $109,111 before reversing. Bitcoin has struggled to maintain levels above the $108k resistance, and the current reversal has formed a bearish head-and-shoulders pattern. Technical indicators show increasing seller dominance, and a breakdown below the 100-day EMA could accelerate the downward momentum for Bitcoin. However, a rebound could see Bitcoin challenge the $103,625 level again.



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