Bitcoin at the Verge of a Reversal

🟨Bitcoin is trading near the $96,000–$97,000 range, showing signs of weakening bullish momentum after rising from $74,000 to $97,938. The price has entered a consolidation phase, forming an ascending wedge — a potential reversal signal. Trading volumes are declining, with the nearest support at $90,000–$91,000. A drop below $96,000 could accelerate a move toward $94,000.

🟨On lower timeframes, bearish pressure dominates: lower highs and increasing selling volume are observed. However, long-term moving averages remain bullish. Traders should watch key levels — a pullback to $90,000 could present a buying opportunity.