$BTC During the past week, Bitcoin experienced notable fluctuations in its value. At the beginning of the week, it traded around $108,000, but gradually dropped to around $95,000 by mid-week. Currently, Bitcoin is trading at $98,448, up by 4.34% from the previous close.

From a technical perspective, the Bitcoin chart shows a corrective downward movement, having tested the $95,195 support level, which is a key support area. If this level is broken, the correction could extend towards the $90,750 and then $87,055 levels.

On the other hand, technical analysis suggests that Bitcoin could enter a bullish trend if it breaks the current resistance level at $96,084, with potential targets at $105,000 to $107,000. However, if the price drops below the $92,000 level, this might indicate a return to a consolidation range, weakening the bullish outlook.

Overall, traders and investors are advised to monitor key technical levels, such as $95,195 and $96,084, to gauge the future direction of Bitcoin. Caution is also recommended due to current market volatility.