#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: --- ### **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. --- ### **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. --- ### **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