"BTCUSD Short-Term Outlook: Bearish Reversal Towards $99,000"

The future prediction for BTCUSD suggests a potential bearish reversal following recent price action near key resistance levels. After reaching the $102,800 zone, Bitcoin faces strong selling pressure, indicating a weakening upward momentum. A potential double-top pattern has formed, signalling a reversal, especially if the price fails to break above this resistance. Additionally, the ascending trendline acting as support may soon give way, leading to accelerated downward movement. If this scenario plays out, BTCUSD could test lower support levels around $99,000, where significant buying interest may emerge. Traders should watch for a breakdown confirmation below the trendline and monitor volume for increased selling pressure. However, a false breakout above $103,200 could invalidate this bearish outlook, making stop-loss management crucial. Overall, BTCUSD's short-term trend suggests a correction is likely, with a target of $99,000 before any possible rebound or continuation of the broader bullish trend.