Bitcoin is currently testing key support at $96,700 after recent price dips, with a potential rebound if this level holds.
The Fear & Greed Index suggests a neutral market sentiment, indicating slow movement and a possible Bitcoin price recovery in a calmer manner.
Bitcoin dominance is increasing, putting downward pressure on altcoins, with investors shifting focus towards Bitcoin.
BTC is trading at $105,244 with a 24-hour trading volume of approximately $23.43 billion, showing a 0.87% gain in the last day but a 4.05% loss over the past week.