Bitcoin Faces Resistance as Funding Rates Turn Positive

Bitcoin’s price action is currently facing resistance, approaching crucial levels where recent gains might stall. This comes with an interesting shift in funding rates, indicating a potential buildup of long positions and sparking debate about the sustainability of this bullish momentum. 💰 📈 📉 🤯 While short squeezes drove Bitcoin (BTC) to record highs, hovering just below $98,000, its price now meets resistance at key areas, including the descending trendline, the 0.618 Fibonacci level, and previous trading range points of control.