Bitcoin is currently bouncing off the $95,000 support level. It has entered the oversold zone and formed a bullish divergence. Based on this, there are three possible scenarios:
1. Bullish Scenario: Bitcoin could retest the $100,000 resistance level. If it successfully breaks this level, there's a strong possibility of further movement toward the $104,000 resistance.
2. Bearish Scenario: Bitcoin may retrace to test the major support at $94,000 or potentially form a double bottom at this level.
1. Bullish Scenario: Bitcoin could retest the $100,000 resistance level. If it successfully breaks this level, there's a strong possibility of further movement toward the $104,000 resistance.
2. Bearish Scenario: Bitcoin may retrace to test the major support at $94,000 or potentially form a double bottom at this level.
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