$BTC Possible Scenarios:
Bullish Outlook: A breakout above the 24-hour high of $98,472.98 could push the price higher, with the next target being the 50-day moving average.
Bearish Outlook: A drop below the 24-hour low of $95,734.77 could trigger further downside movement, potentially targeting the 200-day moving average.
Support and Resistance Levels:
Support:
The 24-hour low at $95,734.77 serves as the immediate support level.
The 200-day moving average may also act as a strong support zone.
Resistance:
The 24-hour high at $98,472.98 is the nearest resistance level.
The 50-day moving average could present additional resistance above this range.
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