$BTC

This chart shows a price action breakout from a consolidation range. The market broke above the $94,500 resistance, reaching new highs before finding resistance around $95,500. Currently, the price is retracing within a defined consolidation zone, highlighting potential areas of support near the $94,500 region.

If the price can successfully hold above this support level and reclaim momentum, we could see a continuation toward the $96,000 to $97,000 resistance zone. Conversely, if the support fails to hold, a deeper retracement toward lower levels, potentially around $93,000, could occur. Keep an eye on how the market reacts to this range to gauge the next significant move.

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