Will Bitcoin’s Fate Unfold in the Shadow of $95,000?

The market, oh, the market! A sea of green, with a few exceptions, as reported by the esteemed CoinMarketCap.

BTC/USD: A Tale of Two Prices

Ah, the rate of Bitcoin (BTC) remains as unchanging as the Russian winter. Yet, on the hourly chart, our dear BTC flirts with the local support of $95,834. If the sellers’ pressure persists and a breakout occurs, we may witness a test of the $95,000 area soon.

On the grander time frame, the bulls have failed to maintain their upward trajectory after yesterday’s bullish closure. If the daily bar closes around the current prices or below, there is a chance to see a drop to the $92,000-$94,00 range soon.

From the midterm perspective, neither side holds dominance. The volume remains low, which means traders are unlikely to expect sharp ups or downs soon. How thrilling!

Bitcoin is trading at $96,196 at press time. Will it break the $95,000 barrier? Only time will tell…

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2025-02-13 14:37