Bitcoin is testing a critical support level at $96,000, with a price consolidation observed above $95,000 after failing to sustain above $98,000. Multiple liquidity clusters have emerged between $94,400 and $95,500, potentially serving as strong support zones in the event of testing.
Technical indicators suggest a short-term bearish momentum, highlighted by the MACD's increasing pace. Bitcoin enthusiasts closely watch these developments to determine future price directions.