Today, the price of Bitcoin could show a short-term downward trend, according to various analyses. Key resistances have been identified in the ranges of $98,000 to $96,000, which could hinder immediate advancement. In the event of pullbacks, supports are around $92,000 and could reach up to $95,000 or $92,000 in a more pessimistic scenario.
Additionally, some indicators suggest that the market may be entering a correction phase, although the presence of institutional buyers could limit severe declines and present opportunities for rebounds at lower levels.
If you are trading Bitcoin, it is advisable to monitor these levels and adjust your strategies according to market behavior.
