Bitcoin's price is currently at $96,730, just above the critical level of $95,000, which analysts warn is essential for maintaining bullish momentum. If Bitcoin fails to hold this level, it could face a deeper correction and a potential rejection of about $400 million in short positions at risk of liquidation. A report from Bitfinex highlights that the $95,000 level acts as a pivot point, where a failure to maintain that price might turn it into resistance, signaling a risk for further downside. Analysts previously suggested that June could be a favorable month for Bitcoin to reach new all-time highs. Additionally, market reactions may be impacted by the Federal Reserve's interest rate decision set for May 7, which tends to introduce volatility into crypto markets. Overall, despite recent gains, traders remain vigilant about Bitcoin's ability to sustain its upward momentum at these critical price levels, particularly as sentiment shifts toward greed in the marketplace.

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