In the midst of a hot agenda, very critical levels to be monitored in Bitcoin price have been identified!

Cryptocurrency analysis firm MakroVision shared an update on Bitcoin's price movement and highlighted another rejection at the key resistance level of $98,600. Currently, Bitcoin is trading around an important support level of $95,900.

According to the analysis company, Bitcoin is in a short-term downward trend, but it continues to exhibit a corrective formation. To reverse the trend, it is necessary to exceed the recent interim high levels.

According to the analysis company, the levels to be followed are as follows:

• $95,900: Holding this support level will be a short-term bullish signal.
• $91,700: The most important support area, aligned with the green trend lines and liquidity zone. A break here could trigger a decline towards the $87,500-$89,900 range.
• $98,600: The high liquidity zone, breaking above this level could be crucial for any recovery.
• $98,600: The latest high level accompanied by high liquidity. A continuous breakthrough is necessary here for Bitcoin to regain momentum.
• 102,000 dollars: The strongest current resistance line, which is in line with the red trend line.