Bitcoin is consolidating around the $95,000 mark, with a critical resistance zone at $96,500. Successfully breaching the $96,800 level could push BTC upwards, potentially past $98,000, and might even test $99,000 or $100,000.
If Bitcoin struggles to clear the $96,500 resistance, it could undergo another bearish correction. Support lies initially at $95,500 and $93,500, with potential further drops towards $92,000.
Technical indicators currently show a slowing momentum in the bullish zone, with the RSI falling below 50. Major support and resistance levels are closely monitored by traders.
