Bitcoin's current price strength faces a critical test at $102,000, which must turn into support according to recent market analyses. Despite reaching and briefly reclaiming the $100,000 level, analysts from Stockmoney Lizards suggest that genuine movement above this level is doubtful. They indicate that Bitcoin seems set for weeks of sideways trading within a $90,000 to $100,000 range, with a higher resistance zone at $102,000 being the toughest hurdle. Other analysts have echoed this sentiment, stating that $102,000 needs to be flipped to support to escape current bearish patterns. Currently, Bitcoin is tracking around $99,000, showing patterns that suggest continued challenges ahead. While some traders see potential bullish reversals contradicting this, the prevailing analysis leans towards cautious trading in the weeks ahead.

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