Bitcoin's price is currently stabilizing between $96,000 and $98,000, following a 10.3% drop from its all-time high. Traders are closely watching this range to determine the direction of the market. The 4-hour chart shows a rebound from the $93,340 support level, with buying volume increasing. Immediate resistance is at $98,871, and a breakout above this level could lead to further gains. On the 1-hour chart, bitcoin maintains an uptrend and a breach of the $98,058 resistance could result in a climb towards $99,500. Oscillators and moving averages present a mixed picture, with some indicating bullishness and others suggesting sell pressure. The ability to hold above $96,000 and the bullish signals support a recovery scenario, while failure to sustain $96,000 may lead to further downside.



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