#BTCNextMove
At **$96,400**, Bitcoin has broken key support levels, showing strong bearish momentum. Here’s an analysis of the current situation and possible next moves:
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### **Analysis of the Current Drop**
1. **Key Breakdown**:
- Bitcoin falling below the critical support zone of **$100,000–$98,000** indicates continued selling pressure.
- The move down to $96,400 suggests buyers are hesitant, and sellers are dominating.
2. **Volume Confirmation**:
- Check trading volume on this move. High volume would confirm strong bearish sentiment, while low volume may indicate a temporary dip or stop-loss hunting before a bounce.
3. **Sentiment and Momentum**:
- Fear could drive further selling if major support levels don’t hold.
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### **Key Levels to Watch**
- **Immediate Support**:
- **$95,000**: Psychological and technical support level. If this breaks, Bitcoin could slide further toward **$92,000** or even **$90,000**.
- **Resistance Levels**:
- **$98,000–$100,000**: This zone now acts as resistance. Any recovery will need to break above these levels for bulls to regain control.
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### **Possible Scenarios**
1. **Further Decline**:
- If **$95,000** is breached with strong volume, Bitcoin could test **$92,000–$90,000** next.
- Watch for panic selling if key supports fail.
2. **Short-Term Bounce**:
- If Bitcoin finds support at **$95,000**, it could stage a rebound toward **$98,000–$100,000**, but sustained upward movement will depend on breaking these levels.
3. **Sideways Consolidation**:
- If buyers step in, the price might stabilize between **$95,000–$98,000**, forming a base for the next move
#Btcnextmove
