Bitcoin price is currently consolidating above the $95,500 support zone. It failed to continue higher above the $102,500 zone and has started another decline below $99,000. The price is now trading below the 100 hourly Simple Moving Average. The immediate resistance is near the $98,000 level, and there is a bearish trend line forming at that level. The first key resistance is near $99,100, followed by $100,000. If the price fails to rise above the $98,000 resistance, it could start a fresh decline, with immediate support at $96,200. The next support levels are $95,500 and $93,200. The main support is at $90,900. Technical indicators show that the MACD is losing pace in the bearish zone and the RSI is near the 50 level.



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