Bitcoin Rejected at $95K as Rising Wedge Forms Below Key Moving Averages

Bitcoin is consolidating below the $95K resistance after a sharp November sell-off, trading inside a rising wedge on both the daily and 4-hour charts. Price remains capped under the 100-day and 200-day moving averages near $98K and $105K, while key support sits in the $88K–$80K zone. A negative Coinbase Premium Index points to softer U.S. spot demand, suggesting any break above $95K and toward $100K should be viewed cautiously.