This article provides an analysis of the current state of Bitcoin's price and market trends. It notes that Bitcoin has experienced a decline from $102,017 but has found support near $94,500, suggesting a potential period of accumulation. Resistance is observed at $96,000, with sellers likely to reemerge near $97,500 and $98,000. The article highlights the importance of monitoring the current critical level for traders. The daily chart analysis confirms a retracement below $96,000 and reinforces bearish momentum. It also mentions the mixed signals from various indicators, indicating a need for careful observation and trade management. The article concludes by stating that while there is hope for a bullish recovery if Bitcoin can hold the $94,500 support level, failure to do so could lead to a steep decline.



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