Bitcoin currently trades slightly above $98k despite a recent dip below $96k. Having reached an all-time high of $98,655, the cryptocurrency experienced a slight pullback.
However, analysts like Josh from Crypto World note strong momentum in the weekly charts. The MACD indicator suggests a bullish trend, raising hopes of Bitcoin's price rising above $99k.
These technical indicators show promise, creating potential anticipation in the market for Bitcoin to break past the $99k mark soon.