$BTC

Bitcoin (BTC) price saw a significant decline today, falling by 7.3% to $94,662.

The current price is below the 50-day moving average, indicating increasing selling pressure.

$95,195 is an important support, as it represents the 23.6% Fibonacci retracement of the previous rally from $52,598.40 to $108,350.45.

A break of this support could lead to a further decline towards $90,750.

Technically, the Relative Strength Index (RSI) is showing a reading of 31.447, indicating an oversold condition, while the Stochastic indicator is showing a reading of 95.525, indicating an overbought condition.

This divergence suggests that price volatility is likely in the near term.

Based on this data, investors are advised to keep an eye on the current support level at $95,195.

If broken, the price could head towards $90,750.

In case of a rebound, it could face resistance at the previous levels near $100,000.

It is always advisable to manage risk and make informed investment decisions.