The chart suggests a bullish outlook

The chart suggests a bullish outlook, as the price appears to be forming a breakout structure. If the price sustains above $93,500 and breaks above $95,000 convincingly, it could trigger a rally towards $98,986 and potentially the psychological $100,000 level.

However, if the price fails to hold above the current support zones, it may retest $92,000 or lower before finding a stronger base.