Bitcoin’s price movement is crucial as it hovers above $95,000, with analysts warning of a potential deeper correction if this level is not maintained. In a recent report, Bitfinex highlighted the significance of the $95,000 level as a pivot point that could determine Bitcoin’s future trajectory. Holding above this level could signal a shift back into bullish territory, potentially leading to a retest of its all-time high of $109,000. However, failure to sustain above $95,000 could result in a short-term rejection and further downside. The upcoming Federal Reserve decision on May 7 adds another layer of uncertainty to Bitcoin’s price action in the coming days. Analysts are closely watching to see if Bitcoin can maintain its current momentum and potentially reach new highs, as predicted by several industry experts earlier this year. With Bitcoin trading at around $96,730 at the time of publication, the next few days will be critical in determining whether the cryptocurrency will continue its rally or face a retest of lower support levels. Additionally, market sentiment is turning positive as Bitcoin approaches the psychological $100,000 mark, with the Crypto Fear & Greed Index reflecting growing optimism. As investors brace for potential market volatility surrounding the Federal Reserve announcement, all eyes are on Bitcoin’s price performance in the days ahead.