According to CoinStats, Sunday has predominantly favored the bears in the market.
The value of Bitcoin (BTC) has experienced a slight decrease of 0.48% compared to yesterday. However, over the past seven days, it has appreciated by 4.51%.
Examining the hourly chart reveals that Bitcoin’s price attempted a breakout above local resistance at $95,249 but failed to sustain it.
If today’s daily candle closes near its support level, traders might anticipate a retest around the $94,500 mark soon.
Looking at a broader timeframe, Bitcoin’s price is currently positioned closer to its support than resistance levels. Should it break below $94,249 decisively, there could be enough momentum for further decline toward the $92,000–$94,000 zone.
From a medium-term perspective, attention should be given to how this week’s candle closes relative to the $95,938 threshold. A close significantly below this point may empower sellers and potentially push prices down toward approximately $92,000.
At present moment of reporting, Bitcoin is trading around $95,&056.