🚨Bitcoin is currently trading at $93,995.99, showing a slight decrease of 0.86% from its previous close. The resistance zone you're referring to, between $94,125 and $99,150, is indeed a critical area to watch due to the accumulation of 1.76 million BTC by 2.61 million wallets.

*Key Resistance and Support Levels:*

- *Resistance Levels:*

- $97,000: A crucial resistance level coinciding with the 50-Day EMA. Breaking above this could target $98,500 and potentially $100,000.

- $97,200: A significant hurdle with 1.57 million BTC held by 1.6 million addresses, potentially leading to selling pressure.

- *Support Levels:*

- $95,000: A key support level. Dropping below this could lead to declines towards $93,500 and $92,000.

- $93,400: A strong buying interest zone that prevented deeper correction.

*Market Sentiment and Trends:*

- Bitcoin's fundamentals remain robust, driven by institutional adoption and growing interest.

- However, macroeconomic factors like uncertainty around Federal Reserve policy and global economic conditions have injected volatility into crypto markets.

Given the current market dynamics, traders should closely monitor the $97,000 resistance and $95,000 support levels, as a breakout or drop could determine Bitcoin's next move.

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