Bitcoin's price is recovering and aiming for a fresh increase above the $97,000 level. It found support near $91,000 and has moved above the $95,000 resistance zone. The price is now trading above $95,000 and the 100 hourly simple moving average. The first key resistance is near $98,000, and if it clears that level, it could test the $100,000 resistance. On the downside, immediate support is near $95,750, followed by $95,000. Technical indicators suggest bullish momentum with the MACD gaining pace in the bullish zone and the RSI above the 50 level.



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