The Bitcoin price is currently consolidating above the $96,200 support zone and has shown some positive signs. It failed to continue higher above the $100,500 zone and started declining. However, it has recently recovered some losses and is now trading above $97,000 and the 100 hourly Simple Moving Average. The immediate resistance is at $98,000, followed by the key resistance levels of $99,000 and $100,000. If the price fails to rise above $98,000, it could start a fresh decline, with immediate support at $96,500 and the first major support at $95,500. The MACD indicator is gaining pace in the bullish zone, and the RSI is above the 50 level.



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