According to CoinStats, the bearish trend in the cryptocurrency market has not yet arrived. Bitcoin's price has increased by 1.18% in the last day. However, on the hourly chart, the price is falling after a false breakout of resistance. If bearish pressure continues, there may be a test of support in the near future. On the daily timeframe, Bitcoin is gathering energy for a potential move, but traders are unlikely to see any significant price fluctuations. As a result, sideways trading between $94,000 and $97,000 is expected until the end of the week. In the midterm, Bitcoin's volume has decreased, suggesting the need for more time to accumulate energy. Consolidation in the range of $92,000 to $98,000 is the most probable scenario. Currently, Bitcoin is trading at $96,011.



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