Bitcoin risks falling to $ 91,000

Analysts of the digital asset market note: Bitcoin BTC $77,255.11 Mezo Wrapped BTC 0.15% Market capitalization $76.01 million VOL. 24 hours $1.27 billion is currently in a consolidation phase above the $ 96,200 support level. Analysts point to the possibility of new growth if BTC overcomes resistance in the $ 98,000-$ 99,000 zone.

After an unsuccessful attempt to gain a foothold above $ 100,500, Bitcoin fell back below $ 97,500 and even tested the $ 95,000 level. However, the price is now trading above $ 97,000 again and is above the 100-hour moving average, which is a positive signal for further growth.

The main resistance level is located at $ 98,000, where a downtrend line is forming. If BTC manages to break through it, the next key levels are $ 99,000 and the psychologically important level of $ 100,000. If it consolidates above this level, analysts expect a move to $ 101,200 and even $ 102,500.

However, in case of failure, Bitcoin may decline again. The main support is at $ 96,500 and $ 95,500. If these levels fail, further correction to $ 93,700 or even $ 91,000 is possible.

Technical indicators are currently giving conflicting signals: The MACD is strengthening in the bullish zone, and the RSI is above 50, which indicates a certain advantage for buyers.

The market remains at a crossroads: if Bitcoin manages to break through key resistance levels, it could resume its uptrend, but failure could trigger a new pullback.