Bitcoin's price is facing strong resistance between $98,000 and $100,000, with a significant supply wall inhibiting its upward momentum. This resistance is caused by a concentration of sell orders in that price range, as both long-term holders and short-term traders take profits. The intensity of the supply in this range is illustrated by the heatmap visualization, indicating a challenging hurdle for Bitcoin to overcome. Bulls and bears are engaged in a tug-of-war, with optimism on Bitcoin's adoption and institutional investments conflicting with downward pressure exerted by sellers. A breakout above $100,000 will require substantial buying pressure, while a failure to breach the resistance could lead to a pullback. The outcome of Bitcoin's struggle with this supply wall will impact the broader cryptocurrency market and institutional interest. Investors and traders are eagerly awaiting Bitcoin's ability to break through this resistance and achieve new milestones.



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