Bitcoin's price is currently in a critical phase, fluctuating between two significant buy ranges. The 1-day range is set at $96.8K, while the 1-day to 1-week range is slightly lower at $95.3K. These levels are crucial to watch, as a breakout above $96.8K could signal enough buying pressure to push Bitcoin to even higher levels. On the flip side, a drop to the $84K range could attract buyers seeking to capitalize on a potential low point, reinforcing the support at that level.
Additionally, the mid-buy level of the 1-week to 1-month range, situated at $84K, provides solid support that could serve as a barrier against significant declines. As the market approaches these pivotal levels, the price action could indicate whether Bitcoin will continue its bullish momentum or face a retracement. Investors should keep a close eye on both the support and resistance zones for clues on potential price movements in the coming weeks.