The current price of Bitcoin is fluctuating between $97,821 and $98,313, with a market valuation of $1.96 trillion and daily activity of $54.21 billion. It is 9.2% away from its all-time high. The price action has shown a drop followed by a rebound, with support at $91,000 and resistance at $104,000-$109,000. Different momentum oscillators offer conflicting signals of bargain-hunting opportunities and bearish undertones. In the short term, Bitcoin's price is hovering around $98,000, with a potential climb towards $102,000-$104,000 if it holds above $96,000. The market seems indecisive with a muted ADX reading. Shorter-term moving averages indicate a bearish outlook, while longer-term moving averages suggest bullish support. Bitcoin's future depends on whether it can hold above $98,000 and potentially break out towards $104,000 to $109,000. However, resistance levels and sell signals suggest it may struggle to sustain upward momentum. A failure to hold above $98,000 could lead to a breakdown towards $96,000 and potentially $91,000, reinforcing a bearish outlook in the near term.



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