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Bitcoin Technical Analysis: A breakout above 96,000 USD could signal a new rally

Current Bitcoin price fluctuates between 93,607 USD and 94,026 USD with a market cap of 1.86 trillion USD. Short-term chart analysis shows bearish trends, suggesting a possible decline towards 91,000 USD. Resistance between 95,000 USD and 96,000 USD could determine the next directional move, critical for confirming future price tendencies.

Volume is crucial in confirming Bitcoin’s future price movements. A breakout above the 96,000 USD resistance, with strong trading volume, could set the stage for a rally towards 102,760 USD. Active traders should monitor volume increases around this level for potential bullish signals and adjust strategies accordingly.

This is community-generated content, not advice from ONUS.
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