Bitcoin has reached a crucial support area around $95,000, which aligns with the 100-day moving average and a key psychological threshold. If it fails to hold above this level, it could trigger intensified selling pressure and drive the price down to $90,000. However, if Bitcoin bounces strongly from this region, it could signal the start of a recovery and a retest of the ascending channel's midline near $100,000. Currently, Bitcoin is consolidating within a range of $90,000 to $108,000, and a breakout in either direction will likely set the tone for the next major trend. Traders should exercise caution and expect heightened volatility until a clear breakout occurs.



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