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Bitcoin’s price rally failed to <a href="https://cryptosnewss.com/bitcoin-eyes-100k-as-bitfinex-whales-increase-activity-whats-next/" rel="noopener noreferrer nofollow">break the $100,000 resistance</a>, facing a strong pullback. After reaching a high of $99,481, BTC dipped below $97,500, finding support near $95,500. Currently, Bitcoin is consolidating at nearly $96,000, with traders watching key resistance and support levels.<h2 id="header-0">Bitcoin Price Analysis: Resistance Holding Strong</h2>Despite an initial recovery, <a href="https://cryptosnewss.com/category/bitcoin-news/" rel="noopener noreferrer nofollow">Bitcoin</a> remains below the 100-hourly simple moving average and faces immediate resistance at $96,500. A bearish trend line is forming, with key resistance at $97,200. If BTC breaks above $97,750, the price could push toward $98,800, with a potential retest of $100,000.<h3 id="strong-key-resistance-levels-strong">Key Resistance Levels:</h3>&#x1f539; $96,500 – Immediate resistance level.&#x1f539; $97,200 – 50% Fibonacci retracement zone.&#x1f539; $97,750 – Breakout point for a bullish push.<h3 id="strong-support-levels-to-watch-strong">Support Levels to Watch</h3>If BTC fails to break above $97,200, another decline is likely. Immediate support sits at $95,500, followed by $95,000. Further weakness could push Bitcoin to $94,200 or even $93,500.&#x1f539; Major Support: $95,500, $95,000&#x1f539; Next Support Zone: $94,200, $93,500<h2 id="header-1">Technical Indicators: Bullish or Bearish?</h2>&#x1f4c8; MACD Indicator: Bullish momentum gaining strength.&#x1f4ca; RSI Indicator: Above 50, signaling potential upward movement.<h2 id="header-2">Final Thoughts: What’s Next for Bitcoin?</h2>Bitcoin’s price action suggests a critical battle between bulls and bears near the $96,500–$97,200 resistance zone. If BTC clears these levels, a push toward $99,500 and $100,000 could follow. However, failure to sustain momentum might cause BTC to test lower support levels in the coming days.The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"> </a><a href="https://cryptosnewss.com/bitcoin-price-rejected-below-100k-will-btc-rebound-or-drop-further/" rel="noopener noreferrer nofollow">Bitcoin Price Rejected Below $100K—Will BTC Rebound or Drop Further?</a> appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.

Bitcoin Price Rejected Below $100K—Will BTC Rebound or Drop Further?

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