Bitcoin experienced a significant decline, now trading at approximately 98,000 USD. If support levels fail, particularly around 100,000 USD, the price could further drop toward 97,000 USD, following the bear flag pattern identified on charts.
Traders are cautious, with momentum indicators showing a bearish trend. The relative strength index is at 44, indicating continued downside potential. Observations around 99,600 USD and 108,000 USD will be crucial for upcoming price movements.
Leave a Reply