Bitcoin Price Declines Below $95,000 Amid Resistance Challenges

Bitcoin is experiencing a decline, trading below $95,000 and facing resistance.

Current price is below $95,500 and the 100-hour moving average.
A bearish trend line forms resistance at $94,750 on the BTC/USD hourly chart.
Resistance levels include $95,300 and $95,750; a breakout above these could lead to further gains.
Immediate support levels are at $93,750 and $93,500; further losses could drop the price to $92,500 or lower.
The MACD shows bearish momentum, and RSI is below 50.

Bitcoin's price started correcting below key support levels of $96,200 and $95,500, reaching a low of $93,570. Recovery efforts have been met with resistance around $95,000. A breakthrough above $95,750 may enable movement towards $96,800 and potentially $98,000.