The article discusses the current state of Bitcoin's price and the potential outcomes based on market behavior. Bitcoin is facing a crucial support zone at the 100-day moving average and the key psychological support level of $95K. A breakdown below this region could lead to a retest of the $90K support area, while a bullish rebound could trigger a recovery towards the $100K level. Bitcoin is currently range-bound between $90K and $108K, and a breakout from this consolidation phase will determine the market's next major trend. The article emphasizes the importance of maintaining the support level around $96K, as a failure to do so could lead to a shift in sentiment and potentially a distribution phase. Overall, traders are advised to remain cautious due to the expected heightened volatility until Bitcoin breaks out of its current trading range.



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