Bitcoin Price Slips: Bulls Hold Support

Bitcoin Price Struggles Below Key Resistance Levels

• Bitcoin is consolidating above the $95,000 support zone.
• The price declined below the $98,000 level and the 100 hourly Simple Moving Average.
• A bearish trend line is forming with resistance at $98,200 on the BTC/USD hourly chart.
• Immediate resistance levels are near $96,750 and $98,000.
• Main support levels are at $96,200 and $95,500.

Bitcoin’s price remains under pressure as it trades below key resistance levels of $98,000 and struggles to maintain momentum above its major supports at $95,500.