<ul><li>Bitcoin prices fell over 3% in the past week due to a general price correction in the broader crypto market influenced by macroeconomic pressure.</li><li>Analyst Daan Crypto highlighted a support zone at $97,000-$99,000 that may prevent further price decline should the retracement persist into June.</li><li>The $97,000-$99,000 range is significant as it aligns with the mid-range of Bitcoin's trading channel, the 200-day moving average, and the 0.382 Fibonacci retracement level.</li><li>If Bitcoin falls below the $97,000-$99,000 support zone, the next support level is anticipated around $94,000, potentially signaling a bearish trend.</li></ul>

Bitcoin Eyes $97,000-$99,000 As Key Support Zone If Price Decline Persists – Analyst

Discover more