Bitcoin (BTC) is trading around $96,409, with an intraday high of $96,872 and a low of $95,670.

Technical Analysis:

Relative Strength Index (RSI): Currently at 44.456, indicating a bearish trend with a tendency towards selling pressure.Moving Averages: The 50, 100, and 200-period moving averages suggest a strong downtrend, reinforcing the bearish sentiment.Resistance & Support Levels:Resistance: $96,500Support: $94,700

Market Outlook:

Overall, technical indicators suggest a selling bias, with traders advised to monitor key levels carefully. If BTC fails to maintain support at $94,700, further downside movement could be expected.