Bitcoin is currently trading at $95,455.70, reflecting a 0.7% decline while testing crucial support levels amid bearish market conditions. The cryptocurrency is experiencing downward pressure as technical indicators suggest a continuation of this bearish trend. Market analysts note that the lack of significant catalysts is contributing to the current sentiment. As Bitcoin struggles to maintain its position above key moving averages, traders are closely monitoring these support levels for any signs of reversal or further decline.
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