Bitcoin price dipped below $96,000 as Middle East tensions eased. Support levels in play as traders monitor next key levels. Speculators quickly sell for profit as BTC sheds over 1%. Oil prices down as geopolitical tensions between US and Iran de-escalate. Market eyes preservation of levels during potential correction.

BTC/USD joins oil in diverging from stocks and metals. Bulls must hold $94K region, aim for Daily 200EMA at $99,555. Interest in $101,000 support band and 50-week EMA grows. Weekly close target set at $93,500, 2025 yearly open. CryptoQuant data shows newer investors selling at highs, moving 40,000 BTC to exchanges in profit. STHs impacted by correction, need more upside for confidence. Aggregate cost basis for STH cohort at $99,600.

Read more at CoinTelegraph: Bitcoin Cools Its Comeback With a Dip to $95,500