Bitcoin price has started recovering and is gaining momentum above the $98,000 level. It has successfully cleared several resistance levels, with a high of $99,739. Currently, the price is consolidating its gains above the 23.6% Fib retracement level. There is a bullish trend line forming with support at $97,800. If the price breaks above the $100,000 resistance, it could continue to rise towards $102,500 and even $105,000. On the downside, immediate support is at $98,500, followed by $97,800 and $96,550. The technical indicators show a bullish trend with the MACD gaining pace in the bullish zone and the RSI above the 50 level.



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