Bitcoin’s Key Price Range Identified at $95,500–$97,000

Bitcoin has shown limited movement since reaching a new all-time high, currently trading around $104,000 after a 2.03% decline in the past day. Concerns arise from new US trade tariffs and geopolitical tensions between Israel and Iran.

$95,500–$97,000: Key Support Zone

Glassnode identifies a critical price range at $95,500 to $97,000, where a significant supply cluster exists. This level is crucial for maintaining bullish momentum:

A price hold above this range may indicate a return to bullish conditions.
A drop below $95,500 could lead to panic selling and bearish trends.
Market analyst Mr. Wall Street warns of potential declines to the $93,000-$95,000 range, which may trigger liquidations.

Current Market Overview

As of now, Bitcoin's trading price is $103,753, reflecting a 1.27% decline over the past week and a 6.10% loss for the month. Its market cap stands at $2.05 trillion, with a market dominance of 64.3%.