Bitcoin failed to break above the $100,000 zone and has since declined to consolidate near $96,000. The price formed a base above $95,500 and started a recovery, surpassing resistance levels at $97,000, $98,500, and $99,000. However, it was unable to break above $100,000 and began a fresh decline. The current price is below the 100 hourly Simple Moving Average and the immediate resistance is near $96,500. The next key resistance levels are $97,200 and $97,750. If the price fails to rise above the $97,200 resistance, it could start a new decline with support levels at $95,500 and $95,000.



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