$BTC
*Current Price:* $96,388.82
*Market Cap:* $1,922.84B USD
*24-hour Trading Volume:* $48.15B USD
*Technical Analysis:*
$BTC price has been consolidating below the Fair Value Gap (FVG) resistance zone near $96,300–$96,800. The RSI shows oversold conditions (27.53), while the MACD confirms bearish momentum (-835). Fibonacci retracement suggests the next support near $92K.
*Key Levels:*
- *Support:* $95,000 - $96,000
- *Resistance:* $99,000
- *Target 1:* $100,000
- *Target 2:* $104,000
*Fundamental Analysis:*
- *ETF Outflows:* $1.15B exited Bitcoin ETFs this week, accelerating institutional selling pressure.
- *Mining Fundamentals:* Solid hash rate support and uncompromised network security.
- *Macroeconomic Factors:* Potential rate cuts by the Federal Reserve could drive renewed bullish momentum ¹ ².
*Outlook:*
Bitcoin's long-term structure remains bullish, with potential for a downside liquidity grab before continuation upward. Key institutional demand zones: $82k – $92k (Primary reaction zone) and $62k – $72k (Major accumulation).
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