Bitcoin $BTC is trading at $94,571, down 1.2% over the past 24 hours. The price dipped from recent highs of $97,000, reflecting cautious market sentiment ahead of key U.S. economic indicators this week.

Despite the pullback, $BTC has gained nearly 48% year-over-year, maintaining strong long-term momentum.

Analysts are watching the upcoming FOMC meeting and U.S. services PMI data, which could influence BTC's next move.

Support is seen around $93,800, with resistance near $95,700. A break above resistance could signal renewed bullish momentum.