Bitcoin's price is facing resistance at the $100,000 level and is struggling to break through. It has started to move lower and may decline towards the $95,000 support level. Despite a brief increase above $97,000, it failed to clear the $98,800 resistance zone. The price has fallen below the 50% Fib retracement level and a key bullish trend line. It is now trading below $96,500 and the 100 hourly Simple moving average. Immediate resistance levels are at $96,800, $97,000, and $98,000. If it fails to rise above $97,000, a fresh decline may occur with support levels at $96,150, $95,500, and $95,000.



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