$BTC

Bitcoin (BTC/USD) is trading around $96,968, down 0.39% on Wednesday as it tests a crucial resistance zone near the 23.6% Fibonacci retracement level at $96,959.

The recent price action follows a sharp recovery from the $95,178 support, with the 50-hour Exponential Moving Average (EMA) at $95,385 now providing solid short-term support.