The Bitcoin price is in a recovery phase and has crossed the $96,000 resistance level. It is currently trading above $96,500 and the 100 hourly Simple moving average. The next resistance levels to watch are $98,000 and $98,800. If Bitcoin can surpass these levels, it may continue to rise towards the $100,000 level and possibly even the $102,000 level. However, if it fails to break the $98,000 resistance, it could undergo a downside correction with support levels at $97,200, $96,500, and $95,000.



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