Bitcoin (BTC) has dropped to $95,512, down 1.24%, following a sharp rejection from recent highs. This decline pushes BTC closer to its critical support level near $95,500. If this support fails to hold, the next key target could be $95,000 or lower, indicating increased bearish momentum.
However, if bulls defend the $95,500 zone and BTC manages to climb back above $96,000, a potential recovery toward $97,000 or higher might be on the horizon. With heightened volatility in play, traders should exercise caution and set tight stop-losses to capitalize on either a rebound or further downside movement. This scenario presents opportunities for both short sellers and those anticipating a bullish reversal.