Bitcoin Tests Critical Resistance Amid Waning Momentum

Bitcoin's (BTC) price action is showing cautionary signs for bulls as it tests critical resistance around $98,000, $100,000 on its daily chart. The cryptocurrency has been in a choppy uptrend since late October, but the momentum is waning as volume tapers off on the upside.

The Relative Strength Index (RSI) 14 is hovering at 72, which is deep into overbought territory without divergence yet. This could be the calm before the storm, indicating a potential reversal in the market.