On the daily chart of bitcoin, it is evident that the price has recently failed to break its previous highs. This indicates that buyer strength has weakened for now, and the market remains in a state of waiting and uncertainty.
If price continues to decline, the most notable support area lies below the 96,000 level, and deeper levels beyond that could potentially become more attractive for capital entry.
Conversely, in order to expect a renewed strong upward movement, price must first break above the previous highs and establish support above them. Until such a condition occurs, the scenario of a downward correction toward support levels remains more likely.
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