Analysis: After Bitcoin rose to nearly $98,000, selling pressure appeared. Those who entered at the low point earlier this year may consider taking profits.

2026-01-18 14:25:57

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BlockBeats News, January 18 — The crypto trading indicator analysis platform CoinKarma stated, "BTC surged to nearly $98,000 on Monday, but as it approached that level, the market experienced the most significant selling pressure in recent weeks, causing a slight pullback. However, overall liquidity between buyers and sellers has not shown a clear imbalance and remains relatively balanced.

Other key market indicators have not yet shown clear signals. Based on the current situation, long positions entered at the relatively low points at the beginning of the year may consider taking profits. They can choose to close all or part of their positions and wait for clearer signals before re-entering."

BTC0.11%

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