Bitcoin's price is currently consolidating below the $95,500 zone, struggling to recover above $95,800. Although it attempted a recovery from $91,150, it's trading below $94,500 and the 100-hourly Simple Moving Average, showing bearish signs. A break above a trend line at $93,650 indicates potential for a rise if it holds above $92,500.
BTC managed to climb past $92,000 and $94,000, reaching the 23.6% Fib retracement level of the $102,761 to $91,168 drop. Immediate resistance lies at $95,000, with key resistance at $95,800. A successful move above this could target $97,000 and $98,800.
If unable to breach $95,800, BTC might decline further. Support stands at $92,500, $92,000, and potentially $91,200. Failing these, prices could test the $90,000 support. Indicators reveal a bearish momentum, with MACD gaining in the bearish zone and RSI below 50.
Fonte: www.newsbtc.com ↗