The price of Bitcoin is currently consolidating above the $95,000 support level, but it is struggling and may experience further losses if it remains below the $100,000 mark. Bitcoin failed to continue its upward movement above $100,000 and began to decline below $96,500. It broke a bullish trend line with support at $96,670 and tested the $95,000 level before recovering some of its losses. The immediate resistance levels are around $96,650, $97,000, and $97,600. A close above the $97,600 level could lead to further price increases, potentially reaching the $100,000 level. On the downside, immediate support is seen around $95,500, followed by $95,000 and $93,500. If Bitcoin fails to rise above the $97,000 resistance level, it could start a fresh decline towards the $92,000 and $91,000 support levels. The technical indicators, such as the MACD and RSI, reflect a loss of bullish momentum.



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