Bitcoin continues to navigate a period of uncertainty as it approaches the critical $95,000 support level. Recent price movements show a distinct downtrend, leading to increased liquidations and prompting traders to adjust their positions. Market analysis suggests that Bitcoin could be facing a renewed challenge in maintaining its current trajectory, as resistance at key Fibonacci levels presents significant hurdles. Experts attribute this recent price movement to the confluence of factors, including expanding DeFi applications, rising institutional interest, and market volatility. 30-day stablecoin reserves on exchanges have also exhibited strong growth, indicating potential for increased trading activity. The analysis highlights that while Bitcoin’s current trajectory remains unclear, the interplay between technical analysis, market trends, and liquidity dynamics will continue to shape its future direction.