The price of Bitcoin has recovered from its recent losses and is now trading above $95,000. However, it is facing resistance near the $101,250 level. The bulls were able to push the price above key resistance levels, but the bears are active above $101,000. The price is struggling to settle above the 76.4% Fib retracement level and is trading below the 100 hourly Simple Moving Average. There is a key bullish trend line forming with support at $99,000. On the upside, the price could face resistance near $100,000 and $101,250. If it fails to rise above the resistance zone, there could be another downside correction with support levels at $99,000 and $97,800. Technical indicators show that the MACD is losing pace in the bullish zone and the RSI has dipped below 50.



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