Bitcoin, the world's first cryptocurrency, is currently challenging its resistance level of $98,000. If Bitcoin succeeds in breaching this barrier, it's predicted to reach the $110,000 mark.

This potential surge in Bitcoin's value could stimulate increased demand among buyers, impacting the market significantly.

Investors are closely monitoring this resistance level as it serves as a 'Trump trade' indicator, hinting at a crucial turning point for Bitcoin's market dynamics.