Forecast $BTC

At the time of writing, Bitcoin is trading at $93,621, trying to hold at the support level of $95,668. For the price of BTC to stabilize and regain lost momentum, investors should refrain from locking in profits.

If Bitcoin rises above $100,000, this could signal a short-term bullish trend. It is possible that BTC will recover recent losses and continue its upward movement, strengthening the confidence of market participants.

On the other hand, if the cryptocurrency fails to hold $95,668, it risks falling even lower, testing support at $89,800. A decline would invalidate the bullish forecast and push the recovery of BTC to January 2025.