Bitcoin ($BTC ) is trading at $96,879.29, down 1.84% after testing a high of $98,776.00 within the last 24 hours. The price has retraced below its 7-day moving average at $97,766.70, suggesting a potential consolidation phase. Resistance is seen at $97,500, and a breakout above this level could push $BTC toward $98,500 and the psychological barrier of $100,000. On the downside, immediate support lies at $96,400, with a deeper retracement to $94,000 possible if bearish momentum increases. Traders should monitor these key levels closely for signs of the next significant move.

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