Bitcoin's price has been steadily declining since its all-time high in December 2024, causing concern among market participants. The cryptocurrency is currently trading at $93,533, a decline of 2.27% in the past 24 hours. Short-term moving averages are acting as resistance levels, and if the price fails to hold the support zone at $91.8K, it could drop further to the $85,000-$90,000 range. Liquidation data shows a significant amount of selling pressure, and technical indicators suggest further declines are possible. However, if the $91.8K support holds, it could lead to a recovery and potential short squeeze. A breakthrough above resistance levels could propel Bitcoin towards its all-time high or even $114,000.



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