Technical analysis:
Current Support Level: Bitcoin is trading near the pivotal support level at $95,195, which is the 23.6% Fib retracement level of the previous rally from $52,598.40 to $108,350.45. A break of this level could push the price towards lower levels.
Potential Support Levels: If the downtrend continues, the price may target $90,750 and then $87,055 as the next downside targets.
Resistance Level: In case of an upward bounce, the price may face resistance at $108,431.
Expectations:
Technical analysis shows that Bitcoin is facing selling pressure that could push it towards lower support levels. However, any upward bounce could face strong resistance. Investors are advised to monitor the price action around the current support level to determine the future trend.
Note: Cryptocurrency markets remain volatile, so it is always advisable to conduct your own research and make investment decisions based on personal analysis.