Analyzing BTC Bitcoin price breaks $96,000, kicking off a new round of gains. Currently, Bitcoin is pulling back and might drop to $94,000 before rising again. After breaking through $95,000 and $96,000, Bitcoin price has started to climb steadily. On the BTC hourly chart, a descending channel or potential bullish flag is forming, with resistance at $96,200. If the pair stays above $95,000, it could continue to rise. The next resistance level might be $97,000. If the closing price exceeds the $97,000 resistance, the price could rise further. In this case, the price might climb and test the $97,800 resistance level. Any further gains could push the price toward the $98,800 level. The next hurdle for bulls might be $99,200 and $100,000. If Bitcoin fails to break the $96,200 resistance level, it could start a new round of decline. Immediate support is near $95,000. The first major support is near $94,000, which is also the 50% Fibonacci retracement level of the recent rally from the $89,995 low to the $97,898 high. The next support is near $93,000. If the price continues to drop, it might test the $91,850 support level in the short term. The main support is at $91,500, and if it breaks below this level, Bitcoin could accelerate its decline in the short term.