Bitcoin price failed to surpass the $100,000 resistance level and has corrected its gains. It is now trading below $96,500 and could potentially revisit the $93,200 support zone. The price had initially made a decent upward move, clearing several resistance levels, but was unable to break through $100,000. It has since declined below the 50% Fib retracement level and a connecting bullish trend line. The immediate support is at $95,000, followed by $93,800. On the upside, the first key resistance is at $96,400, with the possibility of further resistance at $97,750 and $99,000. If the price continues to struggle, it may face further downside pressure.



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