$BTC Bitcoin Price Analysis (Daily)

Bitcoin’s recent run appears to be losing steam now, as price action encounters a resistance around the $95K psychological level. The market is currently showing signs of exhaustion, suggesting that a corrective phase may be on the horizon before the next potential upward move.

After staging a powerful breakout above both the 100- and 200-day moving averages last week, Bitcoin surged toward the critical $95K level. This zone represents a highly significant confluence due to its round-number psychological also it aligns with prior major swing highs and order block zones.

When the the price approached this level bullish momentum faded that the chart showing a period of low volatility, sideways consolidation.