Bitcoin's price has been consolidating above the $95,000 support level and must surpass the $100,000 mark to initiate a significant increase in the near future. The price recently experienced a slight increase, testing the $96,000 and $97,000 levels. However, if it fails to overcome the $98,000 resistance, it may start a fresh decline with support levels at $96,000 and $95,000. On the upside, breaking the $98,000 resistance could propel the price towards $100,000 or even $100,500. Technical indicators show that the MACD is losing momentum in the bullish zone, while the RSI is above the 50 level.



Other News from Today