Bitcoin (BTCUSD) has settled around the $93,500.00 level after experiencing a strong bullish rally in recent sessions. However, the price encountered solid resistance at $95,195.00, which has hindered its ability to push higher. This resistance is accompanied by negative signals from the stochastic indicator, suggesting a potential slowdown or correction in the near term.
Traders will be monitoring the price action closely, especially in relation to the resistance zone, to determine whether Bitcoin can regain momentum or faces a pullback.
Trend Forecast: Neutral to Bearish
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