Bitcoin's price has experienced a decline below the $100,000 mark, falling nearly 10% and potentially testing the $90,000 support zone. It dropped below key levels at $98,000, $95,000, and even reached a low of $90,944. The price is currently consolidating losses, with resistance forming at $95,000 and the 100 hourly Simple Moving Average. If Bitcoin fails to rise above this resistance, it may continue to decline, with support levels at $92,500, $92,000, and potentially as low as $88,500. Technical indicators suggest bearish momentum, as the MACD is in the bearish zone and the RSI is below 50. In order to see further gains, Bitcoin would need to break above resistance levels at $96,500 and potentially reach the $100,000 mark.



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