Bitcoin price analysis #BTC
Bitcoin has slipped below the 50-day simple moving average ($95,406), signaling that the bears are trying to gain the upper hand.

If the price closes below the 50-day SMA, the BTC/USDT pair could plummet to the solid support at $90,000. Buyers are expected to vigorously defend the $90,000 level because if the support gives way, the pair may drop to $85,000 and subsequently to $73,777.

On the upside, the bulls will have to push and retain the price above the $100,000 level to seize control. The pair could then rally to the all-time high of $108,353, where the bears are expected to step in.