Bitcoin price eyes $98K liquidity, downside pressure builds

Bitcoin price remains range-bound between the $126,000 resistance and the $98,000 support, with weak momentum suggesting a deeper corrective move toward liquidity.

Summary

• BTC consolidates between $126K resistance and $98K support.
• Mid-range weakness and low volume suggest bearish drift.
• $98K liquidity zone could trigger a rebound within the established range.

Bitcoin (BTC) price continues to trade within a well-defined range as downside pressure builds.

The market remains trapped between high-timeframe resistance at $126,000 and support at $98,000, forming a broad rotational structure in which price may continue to fluctuate for an extended period before a breakout.

The current positioning near the mid-range zone highlights weakening bullish conviction, as attempts to reclaim lost levels have been met with low momentum and limited follow-through.

Bitcoin price key technical points:

• Range Formation: BTC trades between $126K resistance and $98K support.
• Weak Mid-Range Momentum: Price reclaims lack strength and volume confirmation.
• Liquidity Pool: $98K region holds significant liquidity likely to attract price.

BTCUSDT (1D) Chart, Source: TradingViewFrom a technical standpoint, Bitcoin’s price structure remains rotational, with internal movements between significant resistance and support zones defining the broader trading environment. The mid-range zone currently acts as a balance point, where neither buyers nor sellers maintains clear dominance.

However, price action shows visible weakness in this region. Each attempt to reclaim resistance has been unintentional and unsupported by volume, suggesting that market participants are hesitant to re-enter aggressively. As a result, the probability of a gradual move lower toward the $98K liquidity pool continues to grow.

This $98,000 region spans both the low range and a high-liquidity zone, where previous bids have accumulated. A sweep of this level could trigger renewed demand, fueling a potential rotation back toward $126,000 resistance, continuing Bitcoin’s established macro range.

The current market structure emphasizes range-bound behavior within the high-timeframe levels. As long as Bitcoin remains below $126,000 and above $98,000, the broader setup favors rotational trading rather than sustained trending movement.

Weak mid-range performance, declining volume, and a lack of impulsive reclaims suggest that downside pressure may persist in the short term. Testing the lower boundary would allow liquidity to reset before a potential bounce higher.

What to expect in the coming price action

If Bitcoin revisits the $98,000 support with signs of absorption, such as higher-volume candles and bullish engulfing structures, this could signal a range-based rebound.

Conversely, failure to generate sufficient demand at $98,000 could lead to further downside expansion, invalidating the broader range and potentially opening lower supports.

For now, Bitcoin’s outlook remains neutral-to-bearish, with momentum indicators reflecting fading buyer strength.