The cryptocurrency market is experiencing a decline, with most coins in the red zone, including Bitcoin. In the past 24 hours, the price of Bitcoin has fallen by 2.47%. On the hourly chart, Bitcoin is under pressure from sellers, and if the daily bar closes around $96,000, there may be a test of the local support level of $95,800 tomorrow. In the bigger picture, attention should be paid to the nearest level of $95,678, as a breakout could lead to a drop to the $94,000 zone. From a midterm perspective, Bitcoin is not near any significant levels. Currently, Bitcoin is trading at $96,235. Moving forward, it is more likely that Bitcoin will trade sideways in the range of $94,000 to $98,000 next week, as neither buyers nor sellers are dominating the market.



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