Bitcoin price
Bitcoin’s price, currently at $95,378.44, is facing significant technical pressure as it tests the $93,000 support level. The Relative Strength Index (RSI) has fallen to 33, indicating oversold conditions. Additionally, all major moving averages are trending bearish, reflecting a lack of positive market catalysts. The prevailing bearish signals suggest that traders may be cautious as they monitor the price action closely. Without any significant developments in the market, Bitcoin’s ability to maintain its support level remains uncertain.
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