The article provides an analysis of Bitcoin's price movements and technical indicators on different timeframes. It states that Bitcoin has been consolidating after a sharp correction, and identifies key support at $89,164 and resistance at $109,356. The article highlights Fibonacci retracement levels and key areas to watch for potential bullish or bearish movements. Oscillator readings are reported as mixed, with momentum indicating optimism but the MACD suggesting bearish pressure. Moving averages are divided, with shorter-term averages signaling bullish conditions and longer-term averages remaining bullish. The article concludes that Bitcoin's next directional move will be determined by whether it can break above the $100,000 resistance level and sustain momentum, with potential targets at $102,569 and $105,035. However, if Bitcoin fails to break above the resistance level, it could experience further downside pressure, with potential support levels at $94,091 and $89,164.



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