Bitcoin has slipped from its December high of $108,000, now trading under $98,000. This drop in price lines up with the rising strength of the U.S. dollar, catching the market off guard, especially after the Federal Reserve's rate cuts.
Key support levels for Bitcoin are marked at $96,500 and $95,500, while resistance is noted at $97,500 and $98,500. Analysts are keeping a close watch on the market as these movements unfold.
