The price of Bitcoin $BTC fell by 0.54% yesterday and has decreased by 5.84% over the past week. According to CoinMarketCap data, bulls failed to maintain the upward momentum from the beginning of this week.

On the hourly chart, BTC's price is close to the local resistance level of $97,248. If a breakout occurs, the price is expected to continue rising to the $98,000 range tomorrow.

From a larger timeframe perspective, there is no clear dominant force in the market. The prices of major cryptocurrencies are far from key levels, indicating that significant volatility is unlikely in the short term.

From a medium-term perspective, attention should be paid to the weekly candlestick closing at the $97,092 level. If the candlestick closes far from this level, traders may witness a price rebound to the $100,000 range, which could last until the end of the month.

Currently, the price of Bitcoin is around $94,000. Market analysis shows that the price fluctuations and trends of Bitcoin are influenced by various factors, including market sentiment, technical analysis, and fundamental analysis. Investors should consider these factors and conduct independent research when making investment decisions. The future of Bitcoin, like its position in the cryptocurrency space, is filled with uncertainty and possibilities.