Bitcoin is currently trading at $96,156, boasting a market cap of $1.90 trillion and a 24-hour trade volume of $64 billion. The cryptocurrency's intraday range spans from $89,164 to $97,328.
Bitcoin's daily chart reveals a persistent downtrend since its peak at $108,364, indicating mixed signals across various technical indicators and timeframes.
Market observers are watching closely to see if a breakout above the pivotal $97,000 level could unfold, holding its potential to alter the current trend.
