The price of Bitcoin has declined below the $95,000 zone and is struggling to recover above the $96,500 level. It failed to start a recovery wave above the $98,000 resistance and remains in a short-term bearish zone. The immediate resistance is near $95,000, with a connecting bearish trend line forming at $94,900. The first key resistance is at $96,500, and a clear move above this level could send the price higher towards $97,500 or even $98,800. However, if it fails to rise above the $95,000 resistance, it could start a fresh decline with immediate support at $93,500 and major support levels at $92,500 and $92,000. The technical indicators suggest a bearish trend with the MACD gaining pace in the bearish zone and the RSI below the 50 level.



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